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domestic energy
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Commercial and market outlook
Price cap set for 46% rise for Summer 2022, Winter 2022-23 cap may exceed £2,000
Due to market volatility, world events and Ofgem's new methodology, our price cap prediction has changed. Please see the latest predictions via our blogs page here Updated price cap figures here Following further highs in wholesale prices and the costs associated with the raft of supplier failures seen in the...
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Home supply and services
Shaken, not stirred: The fate of the supply market
This Energy market perspective was taken from our Energy Spectrum publication on 4 October 2021. To find out more about a free trial to Energy Spectrum, find out more here or contact Robert on r.buckley@cornwall-insight.com. As we enter the winter 2021-22 trading season, the energy supply market remains in intense...
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Home supply and services
37 suppliers remain in domestic energy market
2021 has seen 14 domestic supply market exits to date, including the most recent three companies to use the Supplier of Last Resort (SoLR) process on Wednesday 29 September 2021: Igloo Energy (0.59% market share), Symbio Energy (0.04% market share) and ENSTROGA (0.09% market share). In September alone, nine suppliers...
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Home supply and services
Consolidation in the energy market predicted to continue
It has been a turbulent time for the retail energy market, experiencing a period of consolidation with mergers and supplier exits. This supplier consolidation is expected to continue in the near term. If suppliers fail to shift their business models for the new world it is likely to continue, according...
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Business supply and services
All mod cons: Routes to market for household flexibility
According to National Grid’s 2019 Future Energy Scenarios[1], meeting decarbonisation targets could require deployment in GB of 13GW of flexibility from commercial and industrial consumers by 2050, compared to around 1GW currently available. While there are currently no comparable forecasts for domestic demand-side response (DSR), energy suppliers and technology companies...
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Regulation and policy
Back to the Future: long term vulnerability outcomes
100 days have passed since the UK was placed into lockdown and, as the government looks to continue easing of restrictions, it’s worth reflecting on where we’ve been and start looking ahead to where we’re going. Thanks to papers from Citizens Advice and National Energy Action (NEA) we now have...
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Commercial and market outlook
Editor’s Pick | Regen assesses decarbonised heat market stimuli and pathways
Regen, in association with Wales and West Utilities, has published a research paper exploring the challenge of decarbonising heat in the UK. The Decarbonisation of Heat paper was published on 9 March. Problem In comparison to other European markets, the UK is still highly dependent on natural gas to provide heat...
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Home supply and services
Domestic electricity switching – More than Meets the Eye?
Avid readers of Cornwall Insight Ireland’s blog will have seen last week our analysis on how switching rates could be impacted by new house registrations. In this week’s blog, we expand on this theme to look at other potential factors influencing electricity switching, namely how the price of tariffs offered...
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Home supply and services
We built this city: new registrations, a segment emerges
Valentine’s Day saw the publication of the Irish quarterly retail market report by the Commission for Regulation of Utilities (CRU), which noted 11 price increases over the course of 2018. It is an opportune time to consider a potential source of future competition: new residential dwellings. This week’s blog looks...
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Home supply and services
Risin’ up – Suppliers increase domestic energy prices
Over recent weeks a number of domestic electricity suppliers in Ireland have announced price increases as a result of higher wholesale energy costs. In this week’s blog, we look at these increases and examine the drivers behind them. Click here to view full article
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Home supply and services
Irish Retail Market Shares – Search for the Hero
Just over seven years ago, price regulation in the domestic electricity market was fully removed. This allowed all suppliers the freedom to set their own tariff prices. In the domestic gas market, next July represents four years since Bord Gais was subject to price deregulation, opening up the gas market...
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Home supply and services
Same as it ever was – I-SEM transition and the domestic retail market
Up to ten weeks ago we would have expected to be a full week into the new I-SEM wholesale market. Most commentary on the I-SEM delay has focused on the impact on market systems and generators, but what of electricity suppliers? The transition to I-SEM offers an opportunity for tariff...
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Home supply and services
Index of Domestic Energy Supply Costs | February 2018
The Cornwall Insight Index of Domestic Energy Supply Costs is updated monthly, tracking the costs that electricity and gas suppliers face. It is baselined to a value of 1,000 points in January 2012 and is calculated using Ofgem’s typical domestic consumption values (TDCVs) for medium users. In February 2018 the...
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Home supply and services
Critical time for the smart meter roll-out
This year is make or break time in the roll-out of smart meters. Our research shows that roughly 10mn meters have been installed so far. That leaves more than 40mn to go, with less than 3 years to do it in. There has been a flurry of recent directions from...
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Home supply and services
Small and medium suppliers serve more than a fifth of households
Following the publication of our Q4 2017 domestic market share survey, we take a look back over the quarter at some of the key trends we have seen in the household energy supply market. 2017 was an exciting year in terms of the movement of consumers between suppliers. Standard Variable...
