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sanctions
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Press Releases
Price Cap predictions soar as EU sanctions on Russia cause volatility in the wholesale market
Cornwall Insight’s forecast for the October (Q4 2022) Default Tariff Cap has increased to £2,879 for an average consumer, as Russian oil sanctions cause renewed uncertainty across the energy market. The predictions for the January (Q1 2023) Cap are even costlier rising to over £2,900 for the first time. While...
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Press Releases
Cornwall Insight comments on the impact of sanctions against Russia on the energy market
Dr Craig Lowrey, Senior Consultant at Cornwall Insight said: “The reliance of Europe on Russian gas will mean any economic sanctions which affect supply levels are likely to have an immediate and potentially longer-term impact on gas prices. “While the UK is not dependent on gas from Russia, and should...
