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Price cap predicted to rise by at least £66/year

Heather Trudeau
Cornwall Insight, coronavirus lockdown, covid-19, energy, Ofgem, pandemic, price cap, standard variable tariffs, Tariff, UK
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Price cap predicted to rise by at least £66/year: The latest forecasts from Cornwall Insight indicates that the default tariff price cap will increase by approximately £66 from April 2021 to £1,108 per year for a typical dual fuel direct debit customer – from its current level of £1,042. Robert Buckley Head of Relationship Development…
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SME energy prices

SME energy prices rise for the first time since 2018

Heather Trudeau
Cornwall Insight, coronavirus lockdown, covid-19, electricity, Gas, Oil and Gas UK, power, SMEs, UK
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SME energy prices rise for the first time since 2018: There has been a rise in the Small and Medium Enterprise (SME) gas and electricity prices, according to the latest SME Power and Gas markets reports, from Cornwall Insight. This is the first time SME prices have risen since Q418 following five consecutive quarters of…
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DNO flexibility

Demand for DNO flexibility services forecast to rise

Heather Trudeau
Cornwall Insight, DNO, EV, grid, UK, Uncategorised
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Demand for DNO flexibility services forecast to rise: Cornwall Insight examines the Energy Network Association’s (ENA) forecast for Distribution Network Opeators (DNO) flexibility service procurement over the next 10 years. These latest forecasts show more than 1.3GW requirement across all services in DNO regions in 2021. The largest share of the requirement (636MW) is attributed…
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TPIs revenues

TPIs revenues fall by 18% due to COVID-19

Heather Trudeau
Cornwall Insight, covid-19, I&C, lockdown, pandemic, SME, UK
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TPIs revenues fall by 18% due to COVID-19: Third-party Intermediaries (TPIs) have seen a decrease in growth in both the Small and Medium Enterprise (SME) and Industrial & Commercial (I&C) sectors, as a result of COVID-19 and general market uncertainty, according to Cornwall Insight’s Annual TPI report. This led to a target revenue pool for…
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Cornwall Insight comments on the Energy White Paper

Heather Trudeau
Cornwall Insight, energy white paper, government, net-zero, UK
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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…
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Gap amid cheapest energy fixed tariff & price cap narrows

Heather Trudeau
Cornwall Insight, domestic, energy market, energy switching, Energy UK, Tariff, UK
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Gap amid cheapest energy fixed tariff & price cap narrows: Research from Cornwall Insight’s ‘Domestic supplier insight service’ reveals the gap between the cheapest tariff on the market and the default tariff price cap has reduced to its lowest level since February 2019, standing at £219/year. This is 40% less than at the end of…
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Demand for more charging infrastructure as EV ownership increases

More charging bases needed as EV owners increase

Heather Trudeau
Cornwall Insight, EV, EV charging, Infrastructure, UK
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More charging bases needed as EV owners increase: Analysis by Cornwall Insight shows the number of public electric vehicle (EV) charge points per EV has fallen to its lowest level since 2018 (when Cornwall Insight records began). In fact, for every one EV in the UK, there are 0.28 public charge points. This decline is…
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Current offshore wind pipeline falls short of 40GW by 2030

Current offshore wind pipeline falls short of 40GW by 2030

Heather Trudeau
2030, Boris Johnson, CFD, Contracts for Difference, Cornwall Insight, crown estate, offshore wind, Renewables, Renewables Obligations, Scottish government, ScotWind, turbine
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Current offshore wind pipeline falls short of 40GW by 2030: Latest figures from Cornwall Insight’s ‘Renewables pipeline tracker report‘ show that even if all current offshore wind sites with leasing are developed in the coming years, total offshore wind capacity would only reach 29.7GW by 2030. The report currently tracks 22 sites across both floating…
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Up to 17GW of renewables eligible for CfD AR4

Heather Trudeau
BEIS, Contracts for Difference, Cornwall Insight, offshore wind, onshore wind, Renewables, solar PV, UK
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Up to 17GW of renewables eligible for CfD AR4: Cornwall Insight’s Renewable Pipeline Tracker service has examined the potential capacity that could enter the Contract for Difference (CfD) Allocation Round (AR) 4, with the analysis showing there is currently 17GW* of technologies likely to be eligible to bid. This analysis is based on Cornwall Insight’s…
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Cost of balancing Irish electricity reaches ten-month high

Andy Robinson
balancing, Cornwall Insight, covid-19, Ireland, lockdown, wind
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Cost of balancing Irish electricity reaches ten-month high: Research from Cornwall Insight highlights the cost of balancing the Irish electricity system has reached a ten-month high. The Imbalance Settlement Price (ISP) in the Single Electricity Market (SEM) has reached a ten-month high of €42.5/MWh throughout September.   The Balancing Market (BM) reflects the actions taken…
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