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1/3 Brits are eager

Cornwall Insight on January Default Tariff Cap forecast

Cornwall Insight on January Default Tariff Cap forecast: Data reported on Monday evening (20/06) from Cornwall Insight forecast that the Default Tariff Cap for Q1 2023 (Jan-Mar) will rise to £3,003 per year for a typical user, with the last quarter of 2022 Q4 (Oct-Dec) predicted to be £2,980. The rise means an average household…
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1/3 Brits are eager

Windfarms able to access greater market revenues

Windfarms able to access greater market revenues: Data collected by Cornwall Insight has shown that offshore windfarms delaying the beginning of their CfD contracts with the government, might have made substantially bigger profits since the start of 2022. Under a government’s Contracts for Difference (CfD) agreement, favourable generators, are awarded a Strike Price for each…
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UK fuel prices at all time high

UK fuel prices at all time high A family needs to pay £95.15 for petrol and £100.42 for diesel to fill up a 55-litre car. Fuel costs in petrol stations across the UK continue to skyrocket amid the volatile energy landscape and the war in Ukraine. RAC fuel spokesperson Simon Williams stated: “The price of…
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Speeding into reform of electricity market risks rising costs

Speeding into reform of electricity market risks rising costs: The Review of Electricity Market Arrangements [REMA] reported by the government in its currently published Energy Security Strategy needs to be initiated with a strong concentration on protecting investor momentum if the government are to reach their net zero, energy security & consumer affordability aims. REMAs…
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Businesses facing a 250% increase in gas bills

Businesses facing a 250% increase in gas bills: Research for Cornwall Insight‘s ‘Pricing in the SME gas markets’ quarterly report has shown, that on a year-on-year basis, SME customers are facing an average gas bill rise of over 250%, based upon delivered prices. Wholesale market volatility, amongst other factors, has seen gas prices jump significantly…
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1/3 Brits are eager

Ofgem Blamed for Errors For Energy Suppliers Going Bust

Ofgem Blamed for Errors For Energy Suppliers Going Bust: Unless you’re with one of the UK’s larger energy suppliers, there’s a good chance that your energy company went bust this year. Legions of energy consumers found that their smaller, eco-friendlier, and more competitively priced energy suppliers have been forced out of business. As a result,…
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Gap amid cheapest energy

Gap amid cheapest energy deals & price cap lowest ever

Gap amid cheapest energy deals & price cap lowest ever: Research from Cornwall Insight’s ‘Domestic tariff report’ highlights the level of savings made by a customer switching to a new energy tariff has reduced significantly. In fact, the difference between the ten cheapest tariffs and the current default tariff cap for September 2021 stands at…
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1/3 Brits are eager

Energy prices predicted to soar in summer 2022

Energy prices predicted to soar in summer 2022: Analysts have forecasted that the price cap this coming summer may ‘burn’ holes in energy consumers’ pockets. A Cornwall Insight analysis expects the default price cap will rise by 14% to £1,455 annually for dual fuel consumers. If the prediction becomes accurate, that will come after this…
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