Russia

  • Home supply and services

    Cornwall Insight comments on the announcement of the October price cap

    If you are a consumer seeking support with their energy bills, please read our blog here: https://www.cornwall-insight.com/support-for-consumers-concerned-about-rising-energy-bills/ The rise in the Default Tariff Cap (price cap) was unfortunately inevitable, as UK bills continue to be the victim of an unstable and unpredictable global market. While there is still some time until...

  • Home supply and services

    Cornwall Insight release final predictions for October’s Price Cap

    If you are a consumer seeking support with their energy bills, please read our blog here: https://www.cornwall-insight.com/support-for-consumers-concerned-about-rising-energy-bills/ Cornwall Insight are releasing our final predictions for October’s Default Tariff Cap (Price Cap) prior to Ofgem’s announcement on Friday 26th August. Predictions show a typical household1 will be paying £3,554 equivalent per year...

  • Home supply and services

    Price cap forecasts for January rise to over £4,200 as wholesale prices surge again and Ofgem revises cap methodology

    If you are a consumer seeking support with their energy bills, please read our blog here: https://www.cornwall-insight.com/support-for-consumers-concerned-about-rising-energy-bills/ Our new forecasts for the January Default Tariff Cap have risen by over £650(1), meaning a typical household is now predicted to pay the equivalent of £4,266 a year for the three months to...

  • Home supply and services

    Price cap to remain significantly above £3,000 a year until at least 2024

    Our latest forecasts for the Default Tariff Cap have shown a typical household’s energy bill will be well over £3,000 a year for the next 15 months, with the average bill over Summer 2023 (Apr-Sep) sitting at £3,649 – just over £300 per month. We have also updated the predictions...

  • Home supply and services

    Default Tariff Cap forecast climbs further as Ofgem announcement looms

    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 As the energy market continues to grapple with global political and economic uncertainty, the corresponding high wholesale prices, and...

  • Home supply and services

    New forecasts for the January Default Tariff Cap rise to over £3,000 for a typical user

    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 This week Cornwall Insight released its updated forecasts for the Default Tariff Cap. Q1 2023 which runs from January...

  • 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...

  • Commercial and market outlook

    Flight of the Phoenix – could green investment point the way forward post-COVID?

    As economies around the world move from “disaster preparation” to “recovery preparation”, the low carbon and renewable sector has been earmarked as a means by which to target government support in a manner consistent with medium and long-term policy targets – such  the UK’s own net zero 2050 objectives. While...

  • Commercial and market outlook

    The 2020 oil price crash: How does it compare to previous events?

    This feature is part of our new Energy Market Watch coverage where each week we will provide insights and analysis on the latest trends in commodity markets, grid balancing and market fundamentals as the impacts of COVID-19 continue to emerge. You can sign up for the regular free update here. Brent crude oil...

  • Home supply and services

    BBC Radio Norfolk interview: The drop in oil price and the potential effects on customers bills

    Craig Lowrey, one of our Senior Consultants, was live on BBC Radio Norfolk’s airwaves discussing the recent drop in oil prices, following a dispute by Russia and Saudi Arabia over reducing oil production. Craig told listeners that last Friday in response to the Coronavirus hitting global demand for oil, there...

  • 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,...