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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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People face starvation due to climate change & Covid-19

People face starvation due to climate change & Covid-19: Nearly 270 million people could be pushed to the brink of starvation because of climate change combined with the ongoing coronavirus pandemic. That’s according to the UN World Food Program (WFP) Chief David Beasley, who suggested food scarcity could be a ‘terrifying possibility’ in up to…
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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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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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£1.4bn of low carbon funding & £100m for green jobs

£1.4bn of low carbon funding & £100m for green jobs: Plans to invest £1.4 billion in low carbon projects and create a £100 million Green Jobs Fund as part of its plans for a green recovery have been announced by the Scottish Government. They will support Scotland’s transition towards a net zero economy and help…
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Electricity was cheaper and cleaner during lockdown

Electricity was cheaper and cleaner during lockdown: During the coronavirus lockdown the UK’s electricity system was cheaper and cleaner but harder to control. A new independent analysis has found that was conducted for Drax Electric Insights via Imperial Consultants by academics from Imperial College London. Lowered demand was caused by businesses closing and people working…
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SSE project launched to recruit post COVID-19

SSE project launched to recruit post COVID-19: A new pilot programme to recruit people in the energy industry has been launched by SSE in the wake of the coronavirus crisis and to help fill the skills gap. To support people who have taken a career break or are looking to return to the sector, the…
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Lockdown causes almost 3m Brits to fall into energy debt

Lockdown causes almost 3m Brits to fall into energy debt: The coronavirus pandemic has caused almost three million Brits to have fallen behind on their energy bills. Mobile phone, broadband, water and energy bills are the most common sources of household debt suggests the new survey by Citizens Advice. Conducted by Opinium the survey asked…
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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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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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