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gas prices
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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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Energy storage and flexibility
Oil prices are dropping, so why are bills still high?
https://youtu.be/kEvKyeFGZb4 Video transcript Oil prices dropping… why are my bills still high? Last week, in particular, gas and power prices were very low. Gas for one day was 35p/th similar to what we were used to The drop is because Britain is now a major transit point for gas to...
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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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Home supply and services
Rocketing energy prices and failing suppliers—what is happening?
Sky high gas prices and energy suppliers going out of business have been key headlines in the news over recent weeks, but what is actually happening? Through the COVID-19 pandemic we saw much lower gas prices, which have been surging upwards since the spring and risen rapidly through the summer, a time...
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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...
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Power and gas networks
Electricity and gas tariffs on the rise in Ireland
The majority of energy suppliers in the Republic of Ireland have enacted several price rises in one or both electricity and gas tariffs. Figures collated by Eurostat show in the latter half of 2020, Ireland already ranked fourth highest for electricity prices in the EU and seventh highest for gas...
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Announcement
Record high energy prices causing concern
Each week this summer, Sam Peek and colleagues in Cornwall Insight’s Assets and Infrastructure team have tracked the seemingly inexorable rise of wholesale price in the Energy Market Bulletin. The latest issue covers the all-time high spot power and gas prices with day-ahead prices up 10-fold (ten as they write...
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Business supply and services
Power prices for SME’s reach record highs
According to our latest Pricing in the SME power market report, Small and Medium Enterprises (SME) power prices have continued to rise in Q221, reaching the highest level since our records began in Q212. On average, prices have increased by 24.8% year-on-year at the PC3-6MWh and PC3-15MWh consumption points and...
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Low carbon generation
Oil prices slump as OPEC-Russia output deal collapses, prospect of price war emerges
The price of crude oil has fallen by just over a third since last Thursday ($50/bl) after the production sharing deal between OPEC and Russia (OPEC+) seemingly collapsed following an inability by the group to agree a concerted response to the coronavirus outbreak. Having fallen by approximately 10% on Friday,...
