Press and media mentions
More information about us, the latest press releases that highlight key trends in the energy market, interviews and our mentions in the media.
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VNI West Project could delay the retirement of coal generators
Analysis conducted by Cornwall Insight Australia reveals that certain coal plants in New South Wales (NSW) may benefit from delaying their retirement, following the release of new plans for the VNI West transmission project. The ‘conclusions report’ from the Australian Energy Market Operator (AEMO) indicates that under the preferred scenario…
Cornwall Insight expands to central Norwich offices amidst rapid growth
Cornwall Insight, is delighted to announce its relocation to larger offices in the heart of Norwich, underscoring the company’s remarkable growth in recent years. Following five successful years at Rose Lane, during which we were honoured with the Norfolk Business Award’s Business of the Year in 2021 and the Outstanding…
Cornwall Insight responds to the announcement of the July Price cap
Dr Craig Lowrey, Principal Consultant at Cornwall Insight said: “Ofgem’s announcement that July’s Default Tariff Cap (price cap) will fall to an average1 £2,074 p/a, will undoubtedly bring some relief to those struggling with relentlessly high energy bills. Nevertheless, it is essential to keep this reduction in perspective. The cap…
Staggering the shutdown of Eraring Power Station would lower impact on energy costs
New modelling from Cornwall Insight Australia reveals that a staggered retirement of the Eraring power station would reduce the impact on energy prices in New South Wales (NSW) and lower net imports. Unlike previous plant closures, Eraring will retire all four units simultaneously, with a scheduled shutdown of August 2025….
Cornwall Insight release final forecast for July price cap
The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight has announced its final forecast for the Q3 2023 Default Tariff Cap (price cap) following the closure of the observation window1 on 18 May. Based…
Increase in Irish exports raises long-term power price projections
Cornwall Insight has raised its long-term predictions for power prices in Ireland as a projected rise in interconnector exports and reduced imports pushes up demand and costs. Ireland’s first 2023 – ‘All-Island Power Market Outlook to 2030’ – which looks at data modelled in the first quarter of the year,…
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…
Cheaper fixed rate energy tariffs could return as price cap predictions stabilise
The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight’s price cap projections have shifted just £38 since March, with a typical household now predicted to pay approximately £2,060 per year from July. The stabilisation…
NSW power prices to surge during peak periods after Liddell power station closure
According to findings by Cornwall Insight Australia, this week’s closure of Liddell Power Station is expected to drive up average power prices during peak periods in New South Wales (NSW). Prices, particularly in the summer1, are expected to be higher compared to the previous three years. As demand peaks during…
Despite slow progress, Ireland has strong potential for developing a low carbon hydrogen economy
Ireland is making strides towards a low carbon hydrogen economy, with the potential to climb up the ranks of Cornwall Insight’s Hydrogen Index1. While currently holding the lowest ranking in the Index, Ireland has announced plans to publish a “policy and regulatory roadmap for green hydrogen use” in 2023. This,…
UK ranked one of the global leaders in advancing low carbon hydrogen economy
The UK has been ranked third amongst countries that have the potential to be global leaders in the new hydrogen economy. The ranking from Cornwall Insight’s Hydrogen Index1 shows a marked improvement from 2022, with the UK surpassing both Spain and Japan in its efforts to establish an economy where…
Government will struggle to meet 2025 smart meter target
Data from Cornwall Insight on domestic energy supply has revealed that the government is likely to face a considerable hurdle in achieving its goal of 100% smart meter coverage by 2025. The smart meter analysis, which also looks at supplier installation figures and the annual tolerance levels1 set by BEIS,…
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