wholesale energy

  1. Home
  2. wholesale energy

Cornwall Insight’s Price Cap forecasts climb after info

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…
Read More

Energy prices rise with Bord Gáis Energy

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…
Read More
Energy prices rise for

Energy prices rise for SMEs as wholesale prices rise

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…
Read More
Summer 2022 price cap

Summer 2022 price cap predicted to rise to £1455

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…
Read More

Wholesale power prices expected to remain high for winter

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…
Read More

Price cap rising to highest level with further rises coming

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…
Read More
900k domestic customers affected by SoLR last 2 years

900k domestic customers affected by SoLR last 2 years

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,…
Read More

SME power prices reach record highs

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…
Read More

Second utility bill rise for the UK?

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…
Read More