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energy crisis
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E-mobility and low carbon
2022’s most exciting ‘Charts of the Week’
Some of our team have looked back throughout 2022 and picked their most exciting ‘Chart of the Week’.Their choices include exploring green tariffs, wholesale gas prices, CfD allocation round 4 and the MHHS Implementation Levy. It’s My Birthday – Two years of Dynamic Containment Picked by Tom Faulkner, Head of...
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Low carbon generation
RESS 3 consultation: DECC is listening, but the true test will be in the detail of the solutions incorporated
The Department of the Environment, Climate and Communications (DECC) published the consultation for the third round of the Renewable Electricity Support Scheme (RESS 3) on 28 October 2022. Some of the issues drawn out in the consultation is a testimony that DECC has its ears on the ground and is...
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Energy storage and flexibility
From zero to hero: Can CfDs split markets and reduce costs this winter?
Given media comment on the imposition of a revenue cap for low carbon generators instead of migration of existing projects onto a CfD, please find below a blog published by Cornwall Insight three weeks ago. Not only did this note the possibility of the revenue cap being a fall back...
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Energy storage and flexibility
Electricity network reform: where are we now?
In its Energy Security Strategy (ESS), the UK government set out ambitions for 95% of electricity to be sourced from low carbon generation by 2030 and for the UK to have a fully decarbonised electricity system by 2035. In order to accommodate this ambition, the electricity network will need to...
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Business supply and services
The Energy Price Guarantee, a Path Through Stormy Seas?
Upon taking office on 6 September 2022, the first piece of major policy introduced by the new Prime Minister, Liz Truss, is the Energy Price Guarantee (EPG), announced on 8 September 2022. The EPG is a series of support measures targeted at protecting domestic and business consumers from soaring energy...
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Business supply and services
Great expectations – the complexity of delivering on the promise for business energy costs
Stories of hardship to businesses from rising energy prices have become much more prevalent in recent weeks as the critical 1 October date for new supply contracts looms. Our recent insight paper Weathering the storm: Mitigating the impact of energy price hikes for businesses set out some of the reasons...
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Home supply and services
What is the price cap?
We release our price cap forecasts in the hope that we can encourage policy change. We have created this infographic to help people understand the price cap and how we make our predictions. We would also like to clarify that we cannot influence Ofgem to change the amount of the price cap. You...
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Business supply and services
The energy crisis affects businesses as well as households
Yesterday morning we issued our updated forecasts for the Default Tariff Cap through to the end of 2023. They make for grim reading: from 1 October 2022 the Cap will average £3,500/year equivalent or so for at least a year, unless there is a collapse in the wholesale energy markets....
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Low carbon generation
Are renewables the answer to Ireland’s energy crisis?
The current crisis in the energy markets may seem like it’s all doom and gloom, every week another electricity or gas supplier announces a price hike with the consumer powerless, at the whim of the global commodity prices. However, offshore wind presents a unique opportunity for Ireland, to both decarbonise...
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Commercial and market outlook
Russian gas dependency and impacts on net zero
Tensions along the Russia-Ukraine border have been escalating since November last year when satellite imagery showed a fresh build-up of Russian troops on the Ukrainian border. Fast forward to the 24 February 2022, Ukraine and Russia are now at war following a Russian invasion. In response to these actions from...
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Low carbon generation
High and Volatile: Trends from our Q421 Green Power Forecast
At the end of January we released our latest Green Power Forecast, projecting renewables generators revenues over a five-year horizon whilst also providing Power Purchase Agreement (PPA) pricing and benchmarking updates, and a survey to gauge the latest renewables market trends. Amid the current “energy crisis” arising from an underlying...
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Commercial and market outlook
2021’s most exciting ‘Charts of the week’
Some of our team have looked back throughout 2021 and picked their most exciting 'Chart of the week'. Read about their choices and click through to read the full 'Chart of the week'. To do so, you need a free Cornwall Insight account which is easy to create here. Green...
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Business supply and services
Have we given up on competition in the retail market?
“Q: How does 2pm on Wednesday sound? A: Assuming we still have a functioning energy market that'd be great”. It’s not really what you expect to see in an email at 5pm on a Friday when trying to arrange a call. But then these are certainly not normal times. In this Energy Perspective, we will...
