supplier

  • Press Releases

    Urgent measures needed to prevent vicious cycle of supplier failure and rising bills

    In response to Ofgem’s announcement of a consultation on recovering bad debt, Dr Matthew Chadwick, Lead Research Analyst at Cornwall Insight said: “The energy price crisis has left millions of households struggling to pay their bills, even as prices have begun to fall. With government support all but ended for...

  • Press Releases

    Energy price cap predicted to rise to £1,660

    As a result of wholesale gas and electricity prices continuing to reach new records, Cornwall Insight’s modelling for the Summer 2022 default tariff price cap has risen once again, with its indicative forecast climbing to approximately £1,660. Despite a long way to go and a lot of uncertainty to resolve...

  • Media Mentions

    This is Money | More than a million households have seen their energy firm go bust in the last few years

    Our analysis on the domestic energy market showing 1.7% of domestic energy customers have been rescued by the Supplier of Last Resort process in the last two years, featured in This is Money. The first half of 2021 has already seen 1.5% of customers in the domestic retail market being served...

  • Press Releases

    900,000 domestic customers impacted by SoLR over the last two years

    Analysis by Cornwall Insight shows that 1.7% of customers in the retail energy market have been with suppliers subject to the Supplier of Last Resort mechanism (SoLR) process. Between 2020 and 2019, 887,000 domestic customers were supplied by a company that exited the market via SoLR, and in 2021 alone,...

  • Press Releases

    Price cap predicted to rise by over £100/year

    The latest forecast from Cornwall Insight indicates that the default tariff price cap will increase by more than £100 for the Winter 2021-22 cap to around £1,250 per year for a typical dual fuel direct debit customer – from its current level of £1,138.  Dr. Craig Lowrey, Senior Consultant at...

  • Press Releases

    Uptake of Time of Use tariffs still low, but set to increase

    Research from Cornwall Insight's 'Connected homes insight service' has found both suppliers and consumers have made tentative steps to explore Time of Use (ToU) tariffs. However, adoption of these tariffs is anecdotally low at the moment, and ambitious innovation and uptake has been held back by slow industry processes and...

  • Media Mentions

    Daily Mail | Tonik Energy

    Katie Hickford discussed Scottish Power taking on 130,000 customers from failed supplier Tonik Energy last week in the Daily Mail Acquisitions and mergers have been the biggest form of supplier growth. With 10 instances of trade sale events in the domestic supply market since January 2019. Alongside this was also 10...

  • Media Mentions

    Smart Energy International | Non-domestic energy market changing

    Our research into the non-domestic energy supply market share featured in Smart Energy International. Molly Lloyd highlighted that we are currently seeing a changing market share landscape due to recent acquisitions. npower’s merger with E.ON Group will lead to changes in larger suppliers’ market share rankings. E.ON UK’s merger in...

  • Media Mentions

    The Guardian | Energy bills cut

    Robert Buckley commented the Ofgem's default tariff cap reduction has lowered after wholesale energy market prices tumbled during the coronavirus pandemic. He explained the difference between the costliest deals on the market and the cheapest stood at £562 at the end of last month, meaning a “notable gap will remain”,...