British Utilities

Forecasts show 46GW increase of renewables by 2030

Forecasts show 46GW increase of renewables: Forecasts from Cornwall Insight’s ‘Benchmark power curve’ suggests that up to ~46GW of new build renewable technology ̶ ~11GW onshore wind, ~10GW solar and ~25GW offshore wind ̶ may need to be developed by 2030 to keep pace with 2050 net zero targets. This large-scale deployment of very…

Report commissioned by the NI government assesses the future of renewables in Northern Ireland

Report commissioned by the NI government assesses the future of renewables in Northern Ireland: A Cornwall Insight and Ionic Consulting report that was commissioned by The Department for the Economy NI was published by the department last week. The report – Future of Renewables in Northern Ireland – provided an assessment of the current state…

Comments on Ofgem’s price cap announcement

Cornwall Insight comments on Ofgem’s price cap announcement: Commenting on Ofgem’s announcement of the default price cap falling by 7% to £1,042 per year for the six months effective from 1 October 2020, Robert Buckley, Head of Relationship Development at Cornwall Insight, said: “This is a dramatic reduction and sees the price cap fall…

Ireland’s Renewable Electricity Support Scheme results

Cornwall Insight comments on Ireland’s Renewable Electricity Support Scheme results: Commenting on the Renewable Electricity Support Scheme (RESS) results announced yesterday Conall Bolger, Head of Energy Markets at Cornwall Insight, said: “Yesterday was a good day for the Irish renewables industry; with the level of supported renewables capacity set to grow by over a…

Hydrogen focus could boost offshore wind deployment

Hydrogen focus could boost offshore wind deployment: National Grid’s Future Energy Scenarios (FES)*, published 27 July, showed hydrogen – for heating, transport and clean dispatchable thermal energy playing a pivotal role in three** out of the four of its net zero scenarios; Steady progression (SP), Consumer Transformation (CT), System Transformation (ST) and Leading the Way…

Gas generation feels the squeeze from renewable tech

Gas generation feels the squeeze from renewable tech: Cornwall Insight Australia has examined the revenues in Victoria for coal replacement technologies and the impact the transition is having on the captured value for these technologies. Our research shows that gas power generation (GPG) revenues are being displaced by wind and solar. In Q120, solar revenue…

Wholesale prices rise as energy demand increases

Wholesale prices rise as energy demand increases: Research from Cornwall Insight shows that as energy demand has risen due to lockdown restrictions being eased, wholesale prices have also increased. In fact, the day-ahead power price (while typically remaining volatile) recently peaked at £33.10/MWh on 8 July; the highest price traded for the contract since pre-COVID…

National Grid’s 2020 Future Energy Scenarios

Cornwall Insight comments on National Grid’s 2020 Future Energy Scenarios: Commenting on the National Grid’s 2020 Future Energy Scenarios (FES) James Brabben Wholesale Manager at Cornwall Insight, said: “The latest FES highlight just how dramatically the energy landscape will change in the coming decades. It is clear that existing and new technologies can be…

Green Certificates survey reveals falling values

Cornwall Insight Green Certificates survey reveals falling values: The latest Cornwall Insight Green Certificates survey results show that the value of green electricity certificates has fallen significantly, with average values reportedly more than one-third lower than in the previous quarter. Green gas certificates have held their value better, but average prices have also fallen for…

Comments on negative wholesale prices across the SEM

Comments on negative wholesale prices across the SEM: Research from Cornwall Insight Ireland shows a continuation of the power markets in the Single Electricity Market (SEM) out turning negative. From the 5th of July, all Intraday and day-ahead markets in the SEM have displayed periods where daily market activity has averaged below €0.0/MWh. Since…

Cornwall Insight

Forecasts show 46GW increase of renewables by 2030

Report commissioned by the NI government assesses the future of renewables in Northern Ireland

Comments on Ofgem’s price cap announcement

Ireland’s Renewable Electricity Support Scheme results

Hydrogen focus could boost offshore wind deployment

Gas generation feels the squeeze from renewable tech

Wholesale prices rise as energy demand increases

National Grid’s 2020 Future Energy Scenarios

Green Certificates survey reveals falling values

Comments on negative wholesale prices across the SEM

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