net zero

  • Press Releases

    Embracing off-peak electricity use and home generation could save billions in energy costs

    New analysis from Cornwall Insight and Smart Energy GB has revealed the substantial cost-saving potential of household flexible electricity initiatives such as time-of-use tariffs, smart meters, solar PV, and batteries. The data reveals national wholesale and system electricity costs could be cut by an annual £4.6bn in 2030 and £14.1...

  • Press Releases

    New forecast warns power prices to remain elevated until late 2030s

    Cornwall Insight has unveiled its latest GB Power Market Outlook to 2030, revealing that power prices in Great Britain will not shift below pre-2022 levels until the late 2030s. The report cites the surging demand for power as the main driver behind this trend, as the move to electric heating...

  • Press Releases

    Development of long-duration energy storage vital to achieving net zero targets

    A new report, jointly authored by Cornwall Insight and global law firm DLA Piper, has highlighted the urgent need for financial incentives to speed up the development of long-duration energy storage systems, which are crucial for meeting the UK’s ambitious net zero goals. As more renewables enter the market, energy...

  • Press Releases

    Integrated energy solutions could cut cost of UK wholesale market by 25%

    Modelling from Cornwall Insight has shown that in 2035 widespread use of integrated energy solutions could save the UK's wholesale energy market £13bn per year, representing a 25% cost reduction. The data is included in the independent research paper ‘Integrate to Zero’ prepared by Cornwall Insight and commissioned by the...

  • Press Releases

    Long-term regulatory and policy changes needed to avoid stalls to business decarbonisation

    A new report from Cornwall Insight has set out a range of regulation and policy changes the government could examine if it wants to avoid a slowdown or stalling of business investment in decarbonisation. The report “Business net zero: Making progress in a challenging economy” warns that against a backdrop...

  • Media Mentions

    Guardian| Business decarbonisation

    In an interview with the Guardian, our CEO Gareth Miller discussed the potential negative impact of the government's Energy Bill Discount Scheme on the net-zero goals of UK businesses. He emphasised that cutting back on business support from April could lead to decreased investment, and suggested that shifting the policy...

  • Press Releases

    Cornwall Insight’s response to the announcement of the Energy Bill Discount Scheme

    Gareth Miller, CEO at Cornwall Insight said: “Yesterday, the government announced that the Energy Bill Relief Scheme (EBRS) would be replaced by a less supportive Energy Bill Discount Scheme (EBDS) from April 2023. The government have been managing expectations on reducing support levels for business energy costs for several months...

  • Press Releases

    Co-location of energy could significantly cut the cost of expanding renewables

    A new report from Cornwall Insight and national law firm Weightmans on the co-location of energy assets, entitled “Co-location, co-location, co-location”, has laid out the significant cost savings of using one grid connection for multiple renewable generation or storage assets. The report outlines how co-location could incentivise the development of...

  • Press Releases

    Cap on the excess revenues of renewable generators risks deterring investment

    In response to the announcement of a consultation on a Cost-Plus-Revenue Limit which will put a cap on all excess revenues renewable generators are receiving. Tom Faulkner, Head of Assets and Infrastructure and Networks at Cornwall Insight said: “The introduction of a cap on the revenues of renewable generators is...

  • Press Releases

    Two thirds of energy industry professionals think the market needs to be drastically reformed, but say locational pricing is not the answer

    A survey conducted of over one hundred leading energy market professionals from across the investment and advisory community, by Cornwall Insight, from the attendees of its Financing Net Zero forum, has shown nearly two thirds (63%) of people working in the energy industry1 believe the UK market needs to be...

  • Press Releases

    On-site energy generation could wield significant savings for companies

    Research from Cornwall Insight, included in their report - ‘A corporates guide to decarbonising power’ - has demonstrated how on-site energy generation could help cut corporation energy bills and their carbon footprint. By moving the generation of energy to their site, or through engaging in a private wire arrangement -...

  • Press Releases

    Bowmark Capital backs buy-out of Cornwall Insight

    Bowmark Capital, the private equity investor, has backed the buy-out of Cornwall Insight, a leading provider of research, data and analysis to the energy sector. Cornwall Insight’s publications, analysis and consulting services enable its customers to understand complex policy change; ensure regulatory compliance; value their assets; and enhance their investment...

  • Press Releases

    Cornwall Insight’s response to the Queen’s Speech

    Gareth Miller, CEO at Cornwall Insight:   ”The Energy Bill proposed in the Queen’s Speech today is a logical conclusion of policy development in the period since the net zero commitment was made in the summer of 2019. It accommodates support for the government’s preferred production technologies alongside more recent...

  • Press Releases

    Cornwall Insight’s response to the Spring Statement

    Robert Buckley, Head of Relationship Development at Cornwall Insight said: “The Spring Statement came against the backdrop of the tragic events in the Ukraine, which on top of causing untold human suffering, has left European energy markets and subsequently UK households exposed to significantly volatile pricing. “While the government reinforced...

  • Press Releases

    UK falling behind Germany and South Korea in its plan to increase low-carbon hydrogen and reach net zero

    Research conducted by Cornwall Insight into countries that have branded themselves as potential leaders in the new hydrogen economy, has seen the UK rank 5th out of 15 countries. The low-carbon hydrogen index explores countries with a strong potential for production or consumption of the fuel. Germany tops the index...

  • Press Releases

    Summer energy prices in Ireland to remain above seasonal average until 2029

    Research from Cornwall Insight looking at the All-Island Power Market outlook to 2030, has shown that gas prices across both Northern Ireland and the Republic of Ireland will vary significantly between the seasons, with the summer months seeing much higher prices, despite the lower demand. Between 2022 and 2030 modelling...

  • Press Releases

    We must focus on cutting energy bills now, if we want support for net zero in the future

    Before conflict erupted in the Ukraine, it was clear that a long-term restructuring of our energy markets to deliver net zero sustainably, with security was essential. We now see a focus on accelerating plans, as the current crisis imposes greater urgency. But results of strategies aiming at outcomes over periods...

  • Press Releases

    Volatile energy prices set to continue into 2030

    Research from Cornwall Insight has shown that conditions could be in place for volatile wholesale energy prices to continue into 2030 and beyond, unless the UK develops a long-term strategy to cope with changes in energy production and unstable economic, geopolitical, and ecological systems. Cornwall Insight’s Benchmark Power Curve, which...

  • Press Releases

    Supply for CPPAs is set to outstrip demand by 2022

    Supply for Corporate Power Purchasing Agreements (CPPAs) is expected to outstrip demand. This situation is likely to give companies seeking a CPPA more bargaining power according to research from Cornwall Insight’s latest insight paper, “Unlocking net zero strategies for business”, published in collaboration with Shoosmiths. The below graph shows that...

  • Media Mentions

    Energy Monitor | The energy crisis and net zero investment

    An article written, by Daniel Atozri, Research Partner at Cornwall Insight featured in Energy Monitor. In the article Daniel discusses how the high volatility of wholesale prices and turbulence in the energy supply market could discourage investors looking for stable returns and cashflows. He explained that there is a risk...

  • Press Releases

    Open dialogue is required for businesses to reach net zero

    An increasing number of businesses are looking to reduce their emissions and become sustainable to align with the government’s net zero strategy. Setting targets is crucial for companies with complexity across sectors, technologies and business structures. However, this is often the easy part, according to the latest insight paper from...

  • Media Mentions

    The Guardian | Net zero electricity by 2035

    Tom Edwards talked to The Guardian today about the Prime Minster's plans to decarbonise the electricity grid by 2035. He explained that to meet this target it would require a massive ramp-up of wind and solar to meet the electricity demand. Data from Cornwall Insight shows that to do this it...

  • Press Releases

    Net zero investment needs to be protected through the energy crisis

    According to Cornwall Insight, the ongoing energy crisis in the UK supply market has possible spill-over effects for the wider net zero transition. Therefore, focusing on how best to maintain investor resilience should be a critical part of the current response. How the crisis is affecting investors? The large swing...

  • Press Releases

    Renewables Gas Guarantees of Origins certificate prices continue to fall

    Results from Cornwall Insight’s latest Green Certificates Survey indicate the price of Renewables Gas Guarantees of Origin (RGGO) certificates continues to fall. Relative to the March 2020 survey, the average reported RGGO price has fallen 30% to ~£6/MWh for 2019 vintage RGGOs and dropped 15% to ~£7/MWh for 2020 vintage...

  • Media Mentions

    Power Engineering International | UK renewables won’t meet 2050 target

    The current market and options available for new-build renewables are inadequate to keep the UK on track to meet its net-zero target commented Tim Dixon Team Lead at Cornwall Insight in Power Engineering International. Our research shows a rate of subsidy-free Corporate Power Purchase Agreement (CPPA) and utility Power Purchase...

  • Media Mentions

    The Independent | UK’s energy grid

    Tom Edwards Modelling Consultant at Cornwall Insight was quoted in The Independent discussing the energy grid and how it is holding back the transition to net zero. There is a need for change according to Tom. Network charging arrangements were built in the 1990s when it was thought we were...

  • Media Mentions

    reNEWS | Support for green tariffs

    Our latest research has revealed that 38% of UK consumers claim to have renewable energy tariffs for their homes. Additionally, just over half (51%) expect to choose these the next time they change tariff.  In partnership with Alpha Real Capital, the survey found 26% of respondents are prepared to pay...

  • Press Releases

    Cornwall Insight comments on the Energy White Paper

    Commenting on the government's release of the Energy White Paper, which sets out plans to decarbonise the UK's energy system, Gareth Miller, CEO of Cornwall Insight, said: “The Energy White Paper maps out the biggest change to the energy markets since the Electricity Act of 1989. Many of the headlines...

  • Media Mentions

    PV Magazine | Battery storage project

    Our Consultancy project with Still Waters Green Technology (SWGT) to secure the £12m non-recourse Phase One with Santander UK was featured in PV Magazine. T We are delighted to have advised SWGT on this landmark transaction. Cornwall Insight used its high-quality flexibility and battery storage modelling capabilities and wider support...

  • Media Mentions

    Current | Ten Point Plan

    Robert Buckley Head of Relationship development shared his thoughts on the Prime Minister's ten-point plan. The energy industry and its customers have desperately needed clarity on how the government intends to meet its net zero goal. The Prime Minister’s announcement lays the scene for some big industry changes, and now...