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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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Cornwall Insight Reacts to the Queen’s Speech

Cornwall Insight Reacts to the Queen’s Speech Gareth Miller, CEO at Cornwall Insight: “The Energy Bill proposed in the Queen’s Speech today is a logical conclusion of policy development in the period since the net-zero commitment was made in the summer of 2019. It accommodates support for the government’s preferred production technologies alongside more recent…
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Petrol/Diesel 10p -14p Higher than Necessary

Petrol/Diesel 10p -14p Higher than Necessary: Speculators and Fuel Supply Chain, and even the Treasury Profiteering out of a Crisis Govt is also Wallowing in a £2bn VAT Bonanza Even considering exchange rate changes since 2014 when the dollar price for a barrel of Brent Oil was similar to current prices, diesel and petrol are…
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More suppliers went bust as a result of rising energy prices

More suppliers went bust as a result of rising energy prices: Two more energy suppliers went bankrupt just hours after the government confirmed that Bulb had entered’special administration. Entice Energy and Orbit Energy have ceased operations, according to Ofgem. Entice Energy serves approximately 5,400 domestic customers, whereas Orbit Energy serves approximately 65,000 customers. Customers’ energy supplies will…
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Blaming renewables for high energy prices is incorrect

Blaming renewables for high energy prices is incorrect: It is incorrect to blame rising energy prices on energy transition and renewable energy policies. “It is not accurate to lay the responsibility of the high energy prices on clean energy policies. Because we often see that there are many who suggest that high energy prices are…
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Energy supplier consolidation expected to continue

Energy supplier consolidation expected to continue: The UK’s energy supply market has been undergoing a period of consolidation, with the number of fully licensed suppliers falling to under 50 from a high of 62 in 2018, according to a report commissioned by Shoosmiths and produced by Cornwall Insights – Consolidation in the domestic energy market.…
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Growing interest in renewable electricity from SMEs

Growing interest in renewable electricity from SMEs: Research from Cornwall Insight’s ‘TPI satisfaction survey’* found a growing interest in renewable electricity amongst businesses and Third-Party Intermediaries (TPIs). The ‘TPI satisfaction survey’ details TPIs’ views on the services they receive from energy suppliers. The 2020 edition asks which suppliers “meet TPI needs” best and how much…
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Renewable retail finance doubtful for mass capacity extras

Renewable retail finance doubtful for mass capacity extras: Merchant finance for renewables projects is unlikely to lead to mass capacity additions to the generation fleet, according to the latest insight paper from Cornwall Insight – Merchant renewables still face challenges. To gauge the market’s temperature, Cornwall Insight surveyed 258 individuals across the industry on what…
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48.9GW of new renewables projects in the scoping stages

48.9GW of new renewables projects in the scoping stages

48.9GW of new renewables projects in the scoping stages: Renewables projects labelled as “scoping” currently represents 50% or 48.9GW of the total viable pipeline capacity*, according to the latest analysis from Cornwall Insight. Of this 48.9GW “scoping” total, 38.6GW is from offshore wind, 5.0GW from battery projects, 3.0GW from onshore wind and 1.5GW from solar…
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Ofgem’s proposal to protect microbusinesses

Ofgem’s proposal to protect microbusinesses. The final proposal set by Ofgem has been sealed in the aim to protect microbusinesses throughout the UK from brokers who don’t stay in line. Energy brokers are still active in the UK to help customers compare energy and utility deals and ensure they find the most suited package for…
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