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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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Energy prices rise with Bord Gáis Energy

Heather Trudeau
Bord Gáis Energy, Centrica, electricity, energy costs, energy customers, energy prices, Energy Storage, energy suppliers, Finance & Markets, gas demand, gas prices, republic of ireland, Top Stories, wholesale energy, wholesale prices
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Energy prices rise with Bord Gáis Energy: As wholesale prices continue to soar, Irish energy supplier Bord Gáis Energy has reported it will raise the price of its electricity & gas tariffs. The adjustments will see customers’ electricity bills increase by 27% & gas bills by 39%, commencing 15th April. The firm says the rising…
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Energy prices rise for

Energy prices rise for SMEs as wholesale prices rise

Heather Trudeau
Cornwall Insight, electricity, energy prices, Finance & Markets, gas and power, SMEs, TPI, wholesale energy
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Energy prices rise for SMEs as wholesale prices rise: In Q321, the average small and medium enterprise (SME) gas contract was priced at the highest values since Cornwall Insight records began in 2012 – reaching 4.98p/th for 1-year acquisition contracts that assume a 25MWh annual consumption. Research from Cornwall Insight’s Pricing in the SME gas…
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Summer 2022 price cap

Summer 2022 price cap predicted to rise to £1455

Heather Trudeau
Cornwall Insight, default tariff cap, Efficiency & Environment, Finance & Markets, Gas, Ofgem, summer 2022, tariffs, Top Stories, wholesale energy
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Summer 2022 price cap predicted to rise to £1455: Despite the Winter 2021-22 default tariff price cap being a new record at £1,277, the latest forecast from Cornwall Insight modelling indicates that the Summer 2022 cap will see a further increase of approximately 14% increase against the Winter 2021-22 cap – taking the Summer 2022…
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Wholesale power prices expected to remain high for winter

Heather Trudeau
Cornwall Insight, Efficiency & Environment, gas storage, Market, Nord Steam 2, North Sea, wholesale energy, winter
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Wholesale power prices expected to remain high for winter: The latest Cornwall Insight forecasts suggest winter wholesale power prices are to remain at their high levels, with the potential for price spikes in periods of high demand and low wind, as margins look tight for the winter ahead. The key driver of power prices will…
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Price cap rising to highest level with further rises coming

Heather Trudeau
Cornwall Insight, energy price cap, eu, Finance & Markets, Market, Ofgem, price cap, wholesale energy
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Price cap rising to highest level with further rises coming: Commenting on today’s Ofgem announcement that the default price cap would increase by £139 to £1,277 for the six months effective from 1 October 2021 for a typical domestic customer, Craig Lowrey, Senior Consultant at Cornwall Insight, said: “Despite serving as a means by which…
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900k domestic customers affected by SoLR last 2 years

900k domestic customers affected by SoLR last 2 years

Heather Trudeau
Cornwall Insight, covid-19, domestic customers, EDF Energy, Efficiency & Environment, energy market, Green Network Energy, SoLR, supplier licensing review, supplier of last resort, wholesale energy
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900k domestic customers affected by SoLR last 2 years: Analysis by Cornwall Insight shows that 1.7% of customers in the retail energy market have been with suppliers subject to the Supplier of Last Resort mechanism (SoLR) process. Between 2020 and 2019, 887,000 domestic customers were supplied by a company that exited the market via SoLR,…
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SME power prices reach record highs

Heather Trudeau
Beast from the East, Cornwall Insight, Efficiency & Environment, energy market, energy suppliers, gas and power, SMEs, wholesale energy
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SME power prices reach record highs: Small and Medium Enterprises (SME) power prices have continued to rise in Q221, reaching the highest level since our records began in Q212, according to the latest research from Cornwall Insight’s Pricing in the SME power market report. Over the past quarter, prices have increased by 5.82% to average…
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Second utility bill rise for the UK?

Heather Trudeau
bulb, direct debit, electricity, electricity bills, energy customers, energy suppliers, Finance & Markets, Gas, price cap, Top Stories, wholesale energy
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Second utility bill rise for the UK? We will see another rise for the UK’s gas and electricity bills this year. Even though we saw utility bills rise for millions of people in April this year, after the price cap was changed to £96 per year, current Bulb customers can expect to see a second…
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