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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Average power prices to remain elevated for the next three years
Data from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1 has forecast that from 2026, power prices in a neutral/base scenario will be, on average, ~$60-$100/MWh across all states in the National Electricity Market (NEM). This aligns with ~$40-80/MWh levels seen during 2021. The BPC has, however, forecast that the annual…
Cornwall Insight responds to the announcement of the January Price Cap
Craig Lowrey, Principal Consultant at Cornwall Insight said: “The Energy Price Guarantee (EPG) will shield consumers from the January price cap of £4,279 announced by Ofgem today, however the rise will be concerning to the government, who will be shouldering the billions of pounds needed to compensate suppliers the difference….
Cornwall Insight release final Default Tariff Cap and EPG cost predictions prior to Ofgem announcement tomorrow
Cornwall Insight are releasing our final forecast for the January 2023 Default Tariff Cap (price cap), due to be announced tomorrow (24 November). We are also releasing our latest forecasts for the three 2023 caps happening between April – December 2023. At the Autumn Statement, the government announced it would…
Cornwall Insight responds to the Autumn Statement
Dan Atzori, Research Partner at Cornwall Insight: “The energy announcements from the government’s Autumn Statement today will be felt across households, businesses and throughout the UK energy market. “The extension of the Energy Price Guarantee (EPG) from April 2023, albeit at the higher £3,000 per year for an average consumer,…
Imposing a windfall tax on renewables generators would be disproportionate to profits
The share price data of Oil and Gas companies (O&G), large electricity generators (GenCos), and Listed Renewable Funds, analysed by Cornwall Insight, has shown extending the windfall tax to include renewable generators would be disproportionate and unfair given the difference in profit. Cornwall Insight have also warned the impact of…
Charge point operators facing uncertain future when government support scheme ends in April
The energy crisis has pushed up the price of charging electric vehicles (EVs) on the public network, leaving both rapid and ultra-rapid charging, on average, significantly more expensive than refilling a petrol or diesel car. The government’s Energy Bill Relief Scheme (EBRS) has brought a six-month reprieve to business customers,…
Cornwall Insight forecasts a fall in the April 2023 Price Cap but prices remain significantly above the Energy Price Guarantee
Cornwall Insight’s latest Default Tariff Cap (price cap) forecasts for April – June 2023 (Q223) have dropped by over £600 since the last widely released figures on 17 October1. The average consumer is now predicted to pay £3,702 from April, when the Energy Price Guarantee (EPG) comes to an end….
Victorian Government announcement could help address supply gaps but raises questions for other investors
The Victorian Government’s announcement on Thursday to resurrect the State Electricity Commission (SEC) may largely address supply gaps identified from recent Cornwall Insight Australia analysis. According to the proposal, the SEC will receive $1b of initial investment to deliver 4.5GW of renewable power, this should help address the supply gap…
Increase in renewables sees winter energy prices drop below historic average by 2027
Data from Cornwall Insight Ireland’s third 2022 – ‘All-Island Power Market Outlook to 2030’ – has forecast Ireland is set to reach its 80% renewable target by 2030, with the increased energy security helping to stabilise the market and lower long-term energy prices. The report covering both Northern Ireland and…
Offshore wind crucial to stabilising the UK energy market
Data from Cornwall Insight included in our third 2022 – GB Power Market Outlook to 2030 – has forecast a drop in prices from late 2023, as gas prices fall from current peaks. Later in the decade, renewables play a key role in the levelling out of prices despite increased…
Response to the domestic Energy Price Guarantee announcement
Following the announcement that the domestic Energy Price Guarantee (EPG) will come to an end in April 2023, Cornwall Insight has released approximate Price Cap forecasts for an average consumer for the period from April 2023 – December 2023. QUARTERLYQ2 2023 (Apr – Jun)CI ForecastQ3 2023 (Jul – Sept) CI…
Cap on the excess revenues of renewable generators risks deterring investment
In response to the announcement of a consultation on a Cost-Plus-Revenue Limit which will put a cap on all excess revenues renewable generators are receiving. Tom Faulkner, Head of Assets and Infrastructure and Networks at Cornwall Insight said: “The introduction of a cap on the revenues of renewable generators is…
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