power

  • Press Releases

    Government’s offshore wind shortfall could delay net zero

    A new report forecasting the energy generation mix out to 2030, has calculated the government will miss its 50GW offshore wind capacity target, with potential consequences for net zero.   Modelling from Cornwall Insight, included in its quarterly GB Benchmark Power Curve report, forecasts offshore wind capacity will increase from...

  • Press Releases

    Increase in energy exports to the continent raises long-term GB power price predictions

    Cornwall Insight's latest report on the GB Power Market Outlook to 2030 has seen a rise in our projections for power prices in the latter half of the decade. Estimates indicate that prices are likely to remain above £100/MWh until 2030 and likely beyond. The predictions, from data modelled in...

  • Media Mentions

    The Guardian | New wind power record

    Due to Storm Bella, on Boxing Day, more than half of the country’s daily electricity came from wind turbines. However, the reliability of wind energy is a concern. Our research shows that the electricity system operator increased its reliance on gas-fired power plants by 20% in September compared with the...

  • Media Mentions

    The Guardian | Coal plants used

    Tom Edward Senior Modelling Consultant spoke to The Guardian about the coal-fired plants being fired up in the UK. The supply squeeze had caused market prices for electricity generated in the early evening, when electricity demand typically spikes, to climb to over £313 per megawatt hours (MWh).Renewable electricity is in...

  • Media Mentions

    Financial Times | National Grid issues

    Tom Edwards Senior Modelling Consultant at Cornwall Insight comments on National Grid's warning for the second time in three week's featured in the Financial Times. National Grid warned that supplies of electricity in Britain are going to be stretched as fewer-than-expected power generators will be available at peak times, while...

  • Media Mentions

    Current | GB could become a net exporter of power by 2040s

    Our modelling has predicted that Great Britain (GB) could become a net exporter of power to the continent by the 2040s. There is increased interconnection expected in the 2020s and 2030s between the island and the continent. And therefore, there will be more routes for excess offshore wind power to...

  • Media Mentions

    CNN Business | 2030 offshore wind target

    Tom Edwards Senior Modelling Consultant at Cornwall Insight discussed the offshore wind target with CNN Business he explained that costs for offshore wind will decline further over time as development increases. While offshore wind farms cost about twice as much to set up as onshore wind farms, they produce a...

  • Media Mentions

    Renewable Energy Magazine | Market design

    Issues around the current electricity market design acting as a barrier to investment are explored in our latest insight paper – The net zero paradox: Challenges of designing markets to bring forward low marginal cost resources and featured in Renewable Energy Magazine. Inevitably, as we head closer towards a net zero...

  • Media Mentions

    Icon | 46GW required to meet targets

    Forecasts from our ‘Benchmark power curve’ suggesting that up to ~46GW of new build renewable technology, ~11GW onshore wind, ~10GW solar and ~25GW offshore wind, may need to be developed by 2030 was featured in Icon. The net zero target is defining the shape of the future power market in...

  • Media Mentions

    The Guardian | National Grid using coal

    Tom Edwards commented on National Grid using a coal-fired power station for the first time in 55 days in The Guardian today. I feel solidarity with the power stations finding it too hard to do anything today.Tom Edwards, Senior Modelling Consultant The Guardian

  • Media Mentions

    PowerTechnology | More renewable technology required

    Research from our market and asset-level power price modelling service ‘Benchmark power curve’, predicting that up to ~46GW of new-build renewable technology ̶ ~11GW onshore wind, ~10GW solar, and ~25GW offshore wind may need to be developed by 2030 was featured in PowerTechnology today. The net zero target is defining...