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government
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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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Regulation and policy
Energy Price Guarantee – Counting the Costs
Modelling from Cornwall Insight has forecast the two-year cost of the Energy Price Guarantee (EPG) to be between £72bn in the lowest case scenario, and £140bn in the extreme high case scenario1. The data included in our new EPG report ‘Counting the Costs’, shows a near doubling of the forecasts...
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Business supply and services
Our initial response to the government energy announcement
We welcome the government’s objective to address the affordability of energy for both domestic and business consumers in the UK. The policy announcements made today will alleviate some of the hardship consumers have been concerned about for many months. On the household side of the equation, industry thinking is...
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Home supply and services
Windfall taxes are not the only solution to the energy crisis
The energy market is in a state of transition, with geopolitical concerns threatening to undermine energy security and subsequent wholesale energy rises pushing up bills. It is inevitable that policymakers will look at how best to deliver an affordable energy system for consumers. The temporary, targeted energy profits levy, or...
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Business supply and services
Wake-up call: Cost pressure in the GB energy market
This Energy Perspective was published in Issue 791 of Energy Spectrum on 10 January 2022. The current crises afflicting the energy supply sector, driven by rising energy input costs, are of economy-wide concern. The price of energy has always been an issue of significance for national economic competitiveness, inflation, monetary...
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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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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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Commercial and market outlook
What’s happened at COP26 so far
We’ve summarised the latest news so far from COP26. The latest updates can be found in our Daily Bulletin, and our insight and commentary in our weekly Energy Spectrum. Find out more here PM addresses World Leaders at COP26 Summit Opening Ceremony The Prime Minister, Boris Johnson, spoke at the...
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Announcement
Cornwall Insight comments on the Energy White Paper
Commenting on the government's release of the Energy White Paper, which sets out plans to decarbonise the UK's energy system, Gareth Miller, CEO of Cornwall Insight, said: “The Energy White Paper maps out the biggest change to the energy markets since the Electricity Act of 1989. Many of the headlines...
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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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Regulation and policy
Editor’s Pick | BEIS announces new measures to protect PPM customers
New measures are being introduced to protect prepayment meter (PPM) customers during the Covid-19 outbreak, BEIS announced on 19 March. PPM customers, who may not be able to add credit can speak to their supplier about options to keep them supplied. This could include nominating a third party for credit top...
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Regulation and policy
Editor’s Pick | Net zero: an evolution
This article was originally published on 28 January 2020 in Energy:2030 Issue 25. Welcome to the last Energy:2030 in its current format. From March, this publication will be called Energy: Net Zero and will be renewed with a dedicated and fresh focus on the challenge of transitioning our energy sector...
