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power market
-
Press Releases
Drop in power price predictions up to 2030 but prices to remain above pre-pandemic levels for next decade
New data from Cornwall Insight has shown a drop in our predictions for power prices up to 2030 as Europe secures alternative energy supplies to compensate for reduced gas flows from Russia. The data included in our fourth 2022 – GB Power Market Outlook to 2030 – has shown price...
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Press Releases
Offshore wind crucial to stabilising the UK energy market
Data from Cornwall Insight included in our third 2022 - GB Power Market Outlook to 2030 - has forecast a drop in prices from late 2023, as gas prices fall from current peaks. Later in the decade, renewables play a key role in the levelling out of prices despite increased...
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Press Releases
Investment in renewable pushes power price projections down but they remain above the pre-2021 average for next decade
Cornwall Insight’s latest - GB Power Market Outlook to 2030 – has shown greater investment in renewables by nations across the continent, which has resulted in lower price projections in GB from 2024 up until 2030. This is compared with our first report, published three months ago. Renewable investment has increased largely as...
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Press Releases
Cornwall Insight comments on Tuesday’s wholesale power price surge
Tuesday saw a series of events in the UK and Europe wholesale gas and power markets that contributed to a sharp day-on-day jump in prices, putting a stop to the recent downward trend in wholesale prices. Tuesday’s incidents: In France, news of problems with components to a critical supplier of...
