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Heightened risk of suppliers failing to meet RO

Heightened risk of suppliers failing to meet RO: Latest forecasts from Cornwall Insight show a potential shortfall in the Renewable Obligation (RO) buy-out fund of approximately half of the £16.94mn mutualisation threshold. Supplier exits to date alone are not expected to trigger the mutualisation process. However, there is a heightened risk that some active suppliers…
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Batteries see 149% increase in BM activity

Batteries see 149% increase in BM activity: Research from Cornwall Insight’s ‘Balancing Mechanism report’ highlights that there are significant changes in the technology type that has been providing balancing actions to the National Grid Electricity System Operator (ESO), with activity from newer asset types seeing the greatest year-on-year increase.   Accepted volumes in the Balancing…
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Together Energy has acquired Bristol Energy’s customers

Cornwall Insight responds to confirmation that Together Energy has acquired Bristol Energy’s residential customers and brand: Commenting on the announcement that Bristol Energy’s customer base has been acquired by Together Energy, Ed Reed, Head of Training at Cornwall Insight, said:   “It is a turbulent time in the retail energy space at the moment, particularly…
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Acquisitions set to change non-domestic energy market

Acquisitions set to change non-domestic energy market landscape: Research by Cornwall Insight into the non-domestic supply market share highlights a changing market share landscape due to recent acquisitions. When the E.ON UK and npower merger completes the rankings for larger suppliers in the electricity market will change significantly.   Figures from our ‘Business market share…
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Energy demand reaches 2019’s after lockdown

GB energy demand reaches 2019’s levels for the first time after COVID-19 lockdown: Lockdown measures created a sudden fall in electricity demand at the end of March and into April, with demand falling by ~15% below 2019 levels. However, recent research from Cornwall Insight shows that since July, there has been a gradual rise in…
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Increased confidence boosting OFTO process

Increased confidence boosting Offshore Transmission Owners (OFTO) tender process: Cornwall Insight has examined the recent trends in the Offshore Transmission Owners (OFTO) tender process.   The below graph highlights the relationship over time, between the Tender Revenue Stream (TRS), or the fixed revenue stream the OFTO owner receives from the offshore wind farm, and the…
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EV sales during lockdown give us a glimpse into the future

Electric vehicle(EV) sales during lockdown give us a glimpse into the future: Further research by Cornwall Insight into data published by the Society of Motor Manufacturers and Traders (SMMT) shows that despite a 97% drop in vehicle sales and difficult market conditions, there continues to be demand for Battery Electric Vehicles (BEVs).   In fact,…
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Divergence in value together with wind & solar shapes

Divergence in merchant value together with complementary wind and solar shapes creates new opportunities for hybrid projects: Research from Cornwall Insight Australia, examined the performance of wind and solar technologies against the time-of-day price shape and highlights a clear divergence in the merchant outlook for both technologies. This presents a real opportunity for collaborative and…
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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…
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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…
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