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Cornwall Insight

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1/3 Brits are eager

Ofgem’s proposals on customer credit & RO payments

Heather Trudeau
consultation, Cornwall Insight, default tariff cap, energy supplier, energy supplier failure, Finance & Markets, Ofgem, Oxera, Renewables Obligations
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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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1/3 Brits are eager

Irish forecast Q2 2022 All-Island Power Market Outlook

Heather Trudeau
Cornwall Insight, Finance & Markets, fossil fuel, Ireland, lithium-ion batteries, OCGT, offshore wind, onshore wind, Renewables
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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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1/3 Brits are eager

Cornwall Insight on January Default Tariff Cap forecast

Heather Trudeau
Cornwall Insight, cost of living crisis, default tariff cap, Energy Bills Support Scheme, Finance & Markets, fuel poverty, Russian gas, UK government, wholesale market
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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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1/3 Brits are eager

Windfarms able to access greater market revenues

Heather Trudeau
BEIS, CfDs, Cornwall Insight, decarbonisation, Finance & Markets, offshore wind farm, renewable technologies, UK government, wholesale market
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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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1/3 Brits are eager

The UK needs to provide more certainty to investors

Heather Trudeau
Cornwall Insight, decarbonisation, energy crisis, Energy security, grid infrastructure, investors, net-zero, renewable technologies, Sustainable Energy, Womble Bond Dickinson
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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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1/3 Brits are eager

Customers could be paying above £2,900 on energy bills.

Heather Trudeau
BEIS, Cornwall Insight, energy bills, energy customers, energy prices, energy retail market, energy supplier, Finance & Markets, gas and electricity, gas prices, gas supply, household budget, Ofgem, price cap, Russia, sanction, Top Stories, Ukraine, wholesale energy costs
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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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1/3 Brits are eager

Price Cap predictions soar with EU sanctions on Russia

Heather Trudeau
Cornwall Insight, cost of living crisis, default tariff cap, eu, Finance & Markets, Ofgem, Russian oil and gas, Russian sanctions, wholesale energy market
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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

Heather Trudeau
Chancellor of the Exchequer, Cornwall Insight, decarbonisation, energy bills, energy crisis, Energy security, Finance & Markets, policymakers, Renewables, UK government, wholesale energy crisis, windfall tax
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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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1/3 Brits are eager

Cornwall Insight’s Price Cap forecasts climb after info

Heather Trudeau
consumers, Cornwall Insight, cost of living crisis, Default Price Cap, energy bills, Finance & Markets, Ofgem, wholesale energy
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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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1/3 Brits are eager

Cheapest fixed tariff energy deals £1,700 over Price Cap

Heather Trudeau
Comparison Technologies, Cornwall Insight, default tariff cap, energy bills, Finance & Markets, fixed price tariff, fuel poverty, queen's speech, UK government
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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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