EVs could reach 10 million by the end of 2020

EVs could reach 10 million by the end of 2020: 10 million electric vehicles (EVs) are expected to be on the world’s roads by the end of this year. This is according to the International Energy Agency (IEA) in a recent study, which despite the ongoing Covid-19 pandemic notes a growth in EV sales .…
Read More

2020 global gas demand could shrink by 4%

Equivalent to 150 billion cubic metres, global gas demand could shrink by 4% in 2020. An International Energy Agency (IEA) recent report claims and predicts the dip in demand across energy markets in North America, Europe and Asia could account for 75% of the total decline in 2020. The Covid-19 crisis could result in a…
Read More

Challenger energy suppliers join the “Big Six”

Challenger energy suppliers join the “Big Six”: Research from Cornwall Insight’s Domestic market share survey for the first quarter of 2020 shows a shake-up of the rankings that is unprecedented in the survey since its launch. The completed merger of OVO Energy and SSE and organic growth from Bulb have seen the names of challenger…
Read More

COVID-19 impacts: Surge in negative pricing

COVID-19 impacts: Surge in negative pricing: Because of COVID-19 and its effect on energy demand, wind now represents a more substantial proportion of Great Britain’s (GB) energy mix. At the same time, CCGT plant has to respond to lower load factors. This has resulted in not only record low wholesale prices but also a surge…
Read More

65% of Londoners changed their vehicles for the ULEZ 

65% of Londoners changed their vehicles for the ULEZ: Motorbike insurer Bikesure, recently surveyed 1,000 commuters in London to find out how the Ultra Low Emission Zone (ULEZ) has impacted them, in reflection of Bikesure’s annual ULEZ Survey, the first being conducted in 2019. Even though the ULEZ has been temporarily suspended to support key…
Read More

Number of sub-800MW demand periods double and sub-700MW quadruples in just a year

Number of sub-800MW demand periods double and sub-700MW quadruples in just a year: On the 6 February, AEMO issued market notice 73857 in response to the enduring islanding of the SA network. The notice informed the market that when South Australian (SA) demand falls under 800MW several generators, including more than 500MW of wind and…
Read More

Price cap declines but is expected to fall further still

Price cap declines but is expected to fall further still: Commenting on today’s Ofgem announcement that the default price cap would decrease by £17 to £1,162 for the six months effective from 1 April 2020, Robert Buckley Head of Retail and Relationship Development at Cornwall Insight, said: “Due to the mild winter the UK has…
Read More

Record EV sales break National Grid’s scenario

Record EV sales break National Grid’s scenario. Electric vehicle (EV) sales bucked the overall 2019 trend of falling car sales with figures from the Society of Motor Manufacturers (SMMT) showing that battery electric vehicles (BEVs) registrations have risen by 144% to 37,850. According to further research from Cornwall Insight on these figures, the BEV sales…
Read More

Price cap falling but set to rise in April 2020

Price cap falling but set to rise in April 2020 Today, Ofgem announced the default price cap would decrease by £75 to £1,179 per year for the six months effective from 1 October 2019. However, this is unlikely to last with Cornwall Insight’s Price Cap Predictor showing the default price cap is set to increase…
Read More
Menu