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UK energy market
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Regulation and policy
What’s going on with REGOs?
Renewable Energy Guarantees of Origin, more commonly referred to as REGOs, are certificates issued to accredited renewable generators for every MWh of electricity they produce over a year period. The initial intentions of these certificates were to provide suppliers a means to prove the level of renewable generation they received...
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Regulation and policy
Our response to the Spring Budget
Once again, a UK budget has seen some significant energy policy announcements that will stir up conversation and opinion across the country. It also shows how reining in energy prices is seen as key to restraining inflation. The pre-budget announcement to maintain the Energy Price Guarantee (EPG) at £2,500 had...
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Low carbon generation
Understanding the evolution of the Irish electricity markets
The Irish electricity sector has undergone significant change in recent years. The Integrated Single Electricity Market (I-SEM) arrangements introduced in 2018 fundamentally transformed the market framework to maximise competition, facilitate electricity wholesale trading, and incentivise the development of low-carbon generation sources. In parallel the physical system continues to evolve rapidly....
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Home supply and services
Our response to the publication of the REMA consultation summary
On 7th March the government published the summary of responses received from its Review of Electricity Market Arrangements (REMA) consultation. The responses received showed the industry has expressed strong support (92% agreement) for energy market reform that prioritises decarbonisation, security of supply, and cost-effectiveness. Respondents also agreed that the current...
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Energy storage and flexibility
Waiting to connect: the problems and solutions for network connection queues (Part 2)
Network connection queues continue to be a notable topic of interest as many generators face significant delays to project development – an issue that is directly conflicting with net zero ambitions and recent focuses on strengthening domestic energy supplies. In Part 1 of our two-part series on connection queues we...
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Home supply and services
Our response to the announcement of the April price cap
The predictions for the Default Tariff Cap in this piece are out of date, please click here to find our latest forecasts and commentary on the cap. Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall to an average £3,280 per year, nearly a £1,000 drop for...
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Net zero corporates and ESG
Energy Net Zero: Giving you more of ‘Watt’ you need
It is no surprise that economic conditions in the UK complicate the ambitions of businesses when it comes to achieving their decarbonisation goals. But in a paper our research team released earlier this year, we found that despite increasing financial demands, net-zero targets remain a priority for many businesses. That...
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Home supply and services
Our final forecast for the April price cap
The predictions for the Default Tariff Cap in this piece are out of date, please click here to find our latest forecasts and commentary on the cap. We have released the final prediction for the April Default Tariff Cap (price cap) following the closure of the observation window1, on 17 February. We...
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Announcement
Cornwall Insight named one of the FT’s Leading Management Consultants
We are delighted to announce that Cornwall Insight has been named one of the Financial Times’ leading management consultants in energy, utilities & environment. Following two Statista surveys which reviewed feedback from our clients and our peers in Consulting, we achieved a bronze award recognising the strong relationships we have...
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Home supply and services
Benefits of household rooftop solar – a personal point of view
This is the next blog post in our irregular series from the Cornwall Insight team on their experiences of installing or owning various energy assets. Like my colleague Ed, I took the decision to invest in solar in March last year as energy prices were making front page news. So yes,...
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Energy Market Design
Financing Net Zero: A (revenue) cap on UK merchant financing opportunities?
On 13 October 2022, we hosted the latest instalment of our ‘Financing Net Zero’ webinar series. The session, sponsored by Shoosmiths, focused on opportunities and challenges for merchant financed renewable projects amid the current wholesale price volatility. In recent years, due to the increasing success-rate and profitability of renewable projects,...
