2/3 energy professionals say market needs reform

2/3 energy professionals say market needs reform: A survey conducted of over one hundred leading energy market professionals from across the investment and advisory community, conducted by Cornwall Insight, from the attendees of it’s Financing Net Zero forum, has shown nearly two thirds (63%) of people working in the energy industry1 believe the UK market…
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Windfarms able to access greater market revenues

Windfarms able to access greater market revenues: Data collected by Cornwall Insight has shown that offshore windfarms delaying the beginning of their CfD contracts with the government, might have made substantially bigger profits since the start of 2022. Under a government’s Contracts for Difference (CfD) agreement, favourable generators, are awarded a Strike Price for each…
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Speeding into reform of electricity market risks rising costs

Speeding into reform of electricity market risks rising costs: The Review of Electricity Market Arrangements [REMA] reported by the government in its currently published Energy Security Strategy needs to be initiated with a strong concentration on protecting investor momentum if the government are to reach their net zero, energy security & consumer affordability aims. REMAs…
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Solar pipeline has grown 298% since 2020

Solar pipeline has grown 298% since 2020: Between April 2020 and March 2022 Cornwall Insight‘s Renewables Pipeline Tracker report has shown the total capacity of solar PV projects classed as either “application submitted” or “awaiting construction” has increased by 298%, while the equivalent for onshore wind has risen by 17%. This overall growth translates into…
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New funding mechanism crucial to rising nuclear capacity

New funding mechanism crucial to rising nuclear capacity

New funding mechanism crucial to rising nuclear capacity: A new funding mechanism for the nuclear sector, the Regulated Asset Base (RAB) model, has the potential to increase the UK’s nuclear capacity to 24GW over the next 30 years, according to Cornwall Insight’s Benchmark Power Curve (BPC). A significant rise when compared with the 6.7GW that…
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Cornwall Insight on BEIS reporting annual CfD auctions

Cornwall Insight on BEIS reporting annual CfD auctions: Tim Dixon, Lead Analyst at Cornwall Insight, said: “We welcome the government’s decision to hold annual CfD auctions, however, wait to hear more details. “There’s currently ~47GW of renewables capacity operational in Great Britain, but our analysis shows well upwards of 90GW will be needed by 2030…
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PPA

New findings show 1.1GW increase in Renewable PPAs

New findings show 1.1GW increase in Renewable PPAs: Latest research from Cornwall Insight‘s ‘Renewable PPA market share report’ highlights that the market for renewable PPAs is showing increased capacity despite challenges in the sector. In fact, Cornwall Insight assessed a total of 30,710MW* of renewable PPA capacity, a 1,190MW increase from our previous report, which…
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Green energy fees to be moved from electricity to gas bills

Green energy fees to be moved from electricity to gas bills: The government is supposedly thinking about switching green energy levies from electricity to gas bills. As stated in reports, ministers will soon reveal plans that will have levies, containing the feed-in tariff as well as Contracts for Difference (CfDs) shift from customers’ electric to…
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