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Ofgem’s proposals on customer credit & RO payments

Ofgem’s proposals on customer credit & RO payments: Ofgem has published a consultation setting out its latest proposal to deal with the risks – and costs – of supplier failure. This forms part of a broader piece of work on increasing the financial resilience of suppliers and curbing the costs passed on to all customers…
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Irish forecast Q2 2022 All-Island Power Market Outlook

Irish forecast Q2 2022 All-Island Power Market Outlook: Cornwall Insight‘s newest All-Island Power Market Outlook to 2030 report gives a taster of the insights from its Q2 All-Island Forward Curve report. Changes to the SEM, GB and European Markets during the last quarter have been included into its models, containing delays in commissioning and new…
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Cornwall Insight on January Default Tariff Cap forecast

Cornwall Insight on January Default Tariff Cap forecast: Data reported on Monday evening (20/06) from Cornwall Insight forecast that the Default Tariff Cap for Q1 2023 (Jan-Mar) will rise to £3,003 per year for a typical user, with the last quarter of 2022 Q4 (Oct-Dec) predicted to be £2,980. The rise means an average household…
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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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The UK needs to provide more certainty to investors

The UK needs to provide more certainty to investors: Current research from Cornwall Insight and law firm Womble Bond Dickinson has set out what the UK government must do to attain an affordable, sustainable and secure energy system and achieve its goal of Net Zero by 2050. The report ‘UK and the energy transition: Leading…
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Customers could be paying above £2,900 on energy bills.

Customers could be paying above £2,900 on energy bills. Millions of customers could be paying above £2,900 a year by January next year on energy bills. The recent developments in regards to recent Russian oil sanctions and gas supplies being cut to several European markets have forced analysts from Cornwall Insight to increase their price…
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Price Cap predictions soar with EU sanctions on Russia

Price Cap predictions soar with EU sanctions on Russia: Cornwall Insight’s forecast for the October (Q4 2022) Default Tariff Cap has gone up to £2,879 for an average consumer, as Russian oil sanctions cause renewed uncertainty throughout the energy market. The predictions for the January (Q1 2023) Cap are even more pricey rising to more…
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Windfall tax is not the single solution to energy crisis

Windfall tax is not the single solution to energy crisis: After the announcement from the Chancellor of the Exchequer that the UK government will be bringing in a temporary, targeted energy profits levy, Dan Atzori, Research Partner at Cornwall Insight stated: “The energy market is in a state of transition, with geopolitical concerns threatening to…
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Cornwall Insight’s Price Cap forecasts climb after info

Cornwall Insight’s Price Cap forecasts climb after info: Cornwall Insight’s forecast for the October (Q4 2022) Default Tariff Cap have jumped to £2,790 for an average consumer, with the January (Q1 2023) Cap now climbing to more than £2,800. This is after new guidance from Ofgem on their proposed shift to quarterly calculations, including newer…
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Cheapest fixed tariff energy deals £1,700 over Price Cap

Cheapest fixed tariff energy deals £1,700 over Price Cap: Research from Cornwall Insight using data compiled by Comparison Technologies, has demonstrated the average price of the least costly ten fixed price tariffs in April was £3,685 a year, £1,714 higher than the present Default Tariff Cap. The research, which examined deals for new direct debit…
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