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Customers face rising energy bills due to subsidy costs

Andy Robinson
Business Electricity, Business Energy News, Cornwall Insight, Coronavirus, covid-19, customer, domestic customers, electricity bills, electricity demand, energy bills, energy demand, energy suppliers, lockdown, wholesale price
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Customers face rising energy bills due to increase in subsidy scheme costs: The COVID-19 lockdown and the resulting reduction in energy demand have seen the costs of supporting renewable subsidies increase both in terms of £/MWh and overall expected spend for 2020-21.   Research from Cornwall Insight’s ‘Third-Party Charges forecast’ highlights that as a result…
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Smart meter rollout significantly dented by lockdown

Andy Robinson
BEIS, Business Electricity, Business Energy News, Business Gas, Cornwall Insight, covid-19, lockdown, Ofgem, pandemic, smart meter roll-out
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Smart meter rollout significantly dented by COVID-19 lockdown: Unsurprisingly, the COVID-19 pandemic has made the progress of the smart meter rollout uncertain. Research from Cornwall Insight looks at BEIS and Ofgem’s initial indications of future rollout levels compared to pre-pandemic expectations.   The below graph shows two COVID-19 impacted rollout profiles, based on recent assessments…
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Households find bills increase since lockdown

Andy Robinson
Business Electricity, Business Energy News, Business Gas, Coronavirus, covid-19, electricity, finance, Finance & Markets, pandemic, utility bills
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Households find bills increase since lockdown: Globally almost 39% of people say their utility bills, including water, heating, air conditioning, electricity, phone, internet and TV services, have gone up since the Covid-19 pandemic began. The latest global Ipsos survey shows as just one of its findings, it says a majority of people in 26 countries…
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Irish energy demand increase as lockdown is lifted

Andy Robinson
Business Electricity, Business Energy News, Business Gas, Cornwall Insight, covid-19, energy demand, Ireland, lockdown, SEM
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Irish energy demand increase as lockdown is lifted: Research from Cornwall Insight Ireland highlights that as the COVID-19 restrictions are lifted across Ireland, energy demand in the Single Electricity Market (SEM) has increased. Weekday demand has risen by 3% (3GWh) on average, with current weekday demand levels averaging 94GWh since the lockdown restrictions started to…
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Ofgem clamping down on bad energy suppliers

Andy Robinson
Business Electricity, Business Energy News, Business Gas, covid-19, customer service, Efficiency & Environment, energy suppliers, energy system, Ofgem, Policy
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Ofgem clamping down on bad energy suppliers: In order to continue operating as normal energy suppliers will soon have to meet certain criteria. New requirements for suppliers have been released by Ofgem in an effort to drive up customer service standards. The requirements include checks for all suppliers as well as growing suppliers, to make…
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Cornwall Insight on the increase in BSUoS charges

Andy Robinson
Balancing Mechanism, BSUoS, Business Electricity, Business Energy News, Cornwall Insight, covid-19, energy demand, lockdown, Ofgem, Renewables
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Cornwall Insight comments on the increase in BSUoS charges: The effects of the fall in energy demand due to the COVID-19 lockdown accompanied with a high penetration of renewables on the transmission system has seen the activity on the Balancing Mechanism (BM) increase.   This increase in accepted volume on the BM is reflected in…
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Energy demand increases as lockdown restrictions lifted

Andy Robinson
Business Electricity, Business Energy News, Cornwall Insight, Covid19, energy demand, Great Britain, lockdown
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Energy demand increases as lockdown restrictions lifted: The COVID-19 lockdown had a significant impact on Great Britain’s (GB) electricity demand, causing it to drop by almost 15-20% compared to the previous year. However, analysis by Cornwall Insight shows that as GB has slowly started to ease out of lockdown and some sectors start to reopen,…
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Continue remote working to reduce air pollution

Andy Robinson
air, business, Business Energy News, Coronavirus, covid-19, Efficiency & Environment, pollution, quality, remote, Top Stories, working
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Continue remote working to reduce air pollution: Remote working practices must continue to help keep air pollution down. That’s according to a new survey by the Business Clean Air Taskforce (BCAT), which includes organisations Uber, Ricardo, Philips and ENGIE – the group surveyed 2,000 UK respondents and found continued remote working is also both achievable and…
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EVs could reach 10 million by the end of 2020

Andy Robinson
2020, Business Energy News, Coronavirus, covid-19, electric, EVs, Finance & Markets, Technology, vehicles
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EVs could reach 10 million by the end of 2020: 10 million electric vehicles (EVs) are expected to be on the world’s roads by the end of this year. This is according to the International Energy Agency (IEA) in a recent study, which despite the ongoing Covid-19 pandemic notes a growth in EV sales .…
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Feed-in Tariff costs set to rise to an all-time high

Andy Robinson
Contracts for Difference, Cornwall Insight, coronavirus lockdown, Covid19, Feed-In Tariff, lockdown, solar PV
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Feed-in Tariff costs set to rise to an all-time high: Research from Cornwall Insight shows that Feed-in Tariff (FiT) costs for the upcoming quarterly levelisation* could reach an all-time high, covering the period April – June 2020.   The combination of extremes in sunshine hours and low energy demand resulting from the COVID-19 lockdown has…
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