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.
Press and PR Officer
Charlotte looks after Cornwall Insight’s public relations. She builds brand awareness within the wider market giving our experts a platform to share their analysis views on current market trends.
Summer 2022 price cap predicted to rise to £1,455
Despite the Winter 2021-22 default tariff price cap being a new record at £1,277, the latest forecast from Cornwall Insight modelling indicates that the Summer 2022 cap will see a further increase of approximately 14% increase against the Winter 2021-22 cap – taking the Summer 2022 cap to £1,455 per…
New Top 5 TPI created as eEnergy purchases Utility Team according to Cornwall Insight TPI Index
Cornwall Insight notes the proposed acquisition of Utility Team by eEnergy Group plc announced earlier today. Both companies feature in Cornwall Insight’s Index of energy third party intermediaries (TPIs) serving industrial and commercial (I&C) customers. Based on the latest Index calculations at April 2021, Beond Group ranked at joint 16th…
EVs are predicted to increase electricity demand by 71.6TWh
The latest figures from Cornwall Insight’s ‘Benchmark power curve’ forecasts that by 2040 EVs will contribute an additional 71.6TWh, this is a massive 31 times higher than the current level of demand for electricity from electrified transport and 25% of current annual demand which stands at 299TWh (excluding losses). According…
Wholesale power prices expected to remain high for the winter season
The latest Cornwall Insight forecasts suggest winter wholesale power prices are to remain at their high levels, with the potential for price spikes in periods of high demand and low wind, as margins look tight for the winter ahead. The key driver of power prices will likely be gas prices…
Green certificate prices continue to rise amid BEIS proposals
The latest research from Cornwall Insight’s ‘Green certificate survey’ shows Renewable Energy Guarantees of Origin (REGOs) prices have risen significantly in recent months, with average reported prices of £1.35/REGO for Fuel Mix Disclosure (FMD) 2021-22 and £1.41/REGO for FMD 2022-23. This is 228% and 214% higher, respectively, than reported prices…
Growing interest in renewable electricity from SMEs
Research from Cornwall Insight’s ‘TPI satisfaction survey’* found a growing interest in renewable electricity amongst businesses and Third-Party Intermediaries (TPIs). The ‘TPI satisfaction survey’ details TPIs’ views on the services they receive from energy suppliers. The 2020 edition asks which suppliers “meet TPI needs” best and how much they value…
Price cap rising to the highest level with further rises on the horizon
Commenting on today’s Ofgem announcement that the default price cap would increase by £139 to £1,277 for the six months effective from 1 October 2021 for a typical domestic customer, Craig Lowrey, Senior Consultant at Cornwall Insight, said: “Despite serving as a means by which to curtail cost increases, the…
Up to 1900MW of wind eligible for RESS-2
Cornwall Insight’s ‘Route to RESS service’ has examined the potential capacity of wind and solar that could enter the Renewable Electricity Support Scheme (RESS-2) auction in Ireland, with the analysis showing that approximately 1900MW (1800GWh) of solar and 1600MW (4800GWh) of wind is eligible to bid for the 3500GWh pot….
Does the number of EV tariffs match the EV burgeoning sales?
Figures from the Society of Motor Manufacturers and Traders Ltd (SMMT) showed that combined, Battery Electric vehicles (BEVs) and plug-in hybrids (PHEVs) accounted for 17.2% of new car sales in June, with BEVs accounting for more than one in 10 registrations. Despite the boom in electric vehicle (EV) sales, Cornwall…
Renewable merchant finance unlikely to lead to mass capacity additions
Merchant finance for renewables projects is unlikely to lead to mass capacity additions to the generation fleet, according to the latest insight paper from Cornwall Insight – Merchant renewables still face challenges. To gauge the market’s temperature, Cornwall Insight surveyed 258 individuals across the industry on what type of merchant…
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,…
Network and policy reforms affecting private wire arrangements
In recent years, many businesses have been able to save money by consuming power generated from their own sites. Many of these savings have arisen because some network and policy costs are avoided in comparison to purchasing electricity off the grid. As a result, these private wire arrangements have grown…
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