Cornwall Insight @CornwallInsight Twitter profile | Pikagi

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Cornwall Insight

@CornwallInsight

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Providing independent analysis to businesses in the energy market + latest industry news. How does the price cap work? Watch here:

Norwich, England

https://t.co/8iLp5VvVfg

Joined July 2011

Don't wanna be here? Send us removal request.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

4 days

Cornwall Insight have released our new October-December 2024 price cap forecast. Our forecast has dropped to £1,723 a year for a typical dual fuel consumer. This is a reduction of nearly £40 annually compared with our forecast in May. Breakdown: Standing Charge (£/day):

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

We have released new price cap figures following a wholesale price surge and Ofgem revising their cap methodology. We are predicting a typical household will pay the equivalent of: - £3,582 p/a from Oct - £4,266 p/a from Jan More on our forecasts below:

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Price cap forecasts for January rise to over £4,200 as wholesale prices surge again and Ofgem...

Our new forecasts for the January Default Tariff Cap have risen by over £6501, meaning a typical household is now predicted to pay the equivalent of £4,266 a year for the three months to March 2023.

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Following the announcement that the domestic Energy Price Guarantee will end in April 23, Cornwall Insight has released approximate Price Cap forecasts for an average consumer for the period from Apr 23 – Dec 23. Apr-Jun: £4,348 p/a Jul - Sept: £3,697 p/a Oct - Dec: £3,722 p/a

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

We have released our final Oct-Dec 22 price cap figures We forecast a typical household will pay - £3,554 p/a from Oct For the 1st time we have also released: Standing Charge (£/day): Elec - 0.46, Gas - 0.28 Unit Costs (p/kWh): Elec - 52.09, Gas - 14.76

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Cornwall Insight release final predictions for October’s Price Cap

Cornwall Insight are releasing our final predictions for October’s Default Tariff Cap (Price Cap) prior to Ofgem’s announcement on Friday 26th August. Predictions show a typical household1 will be...

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

Our latest price cap forecasts for a typical household: Q2 23 (Apr-Jun): £3,338 Q3 23 (Jul-Sept): £2,361 Q4 23 (Oct-Dec): £2,389

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Ofgem's announcement of the Price cap at £3,549 will be of significant concern to many. We urge for the cap to be reviewed and mechanisms for protecting the most vulnerable be considered as viable alternatives. Our reaction and updated 2023 forecasts:

Cornwall Insight comments on the announcement of the October price cap

The rise in the Default Tariff Cap (price cap) was unfortunately inevitable, as UK bills continue to be the victim of an unstable and unpredictable global market. While there is still some time until...

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

6 months

Our latest forecasts for the April 2024 price cap show a fall of 14% in the second quarter of the year. We are predicting a typical dual fuel consumer will pay £1,660 per annum, a £268 decrease from January. Read more here:

Price cap predicted to fall by 14% in April - Cornwall Insight

Forecasts for the April 2024 Default Tariff Cap (price cap) show a fall of 14% in the second quarter of the year, with a typical dual fuel consumer1 expected to pay £1,660 per annum, a £268 decrease...

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

The price cap is due to return in April 23 as the EPG ends. Our new April-June 23 forecasts have fallen, with a typical household predicted to pay £3,702 p/a. Based on a forecast: Standing Charge (£/day): Elec - 0.37, Gas - 0.31 Unit Costs (p/kWh): Elec - 58.69, Gas - 14.62

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

Our latest price cap forecasts predict the cap will fall below the Energy Price Guarantee from July 2023: For a typical household we forecast: Q2 23 (Apr-Jun): £3,545 Q3 23 (Jul-Sept): £2,800 Q4 23 (Oct-Dec): £2,835 Read more on our predictions below:

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Drop in wholesale energy prices sees price cap predictions fall below the EPG for second half of...

Our latest forecasts for the Default Tariff Cap (price cap) have shown energy bills for a typical household are predicted to be below the government’s Energy Price Guarantee (EPG) from July (Q3 2023)...

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

Our latest price cap forecasts predict the cap will fall further below the EPG from July 2023: For a typical household, we forecast: Q2 23 (Apr-Jun): £3,208 Q3 23 (Jul-Sept): £2,201 Q4 23 (Oct-Dec): £2,241 Read more about our predictions below:

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Winter 2023-24 price cap forecasts fall further below 2022-23 EPG, but long-term prospects remain...

Our latest forecasts for the Default Tariff Cap (price cap) have shown energy bill predictions for a typical household have fallen to £3,208 from April, decreasing further to approximately £2,200 for...

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

To-date, there have been 648.5 no-coal hours in 2019 (28% of the time), surpassing total no-coal hours in 2017 (614.5 hours) and nearly six times as many as this time last year (108.5 hours)

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 months

Tensions in the Red Sea have failed to derail the prospect of lower household energy bills. Our latest forecast for the April 2024 price cap, show a typical dual fuel consumer will pay £1,620 p/a, a fall of 16% from current prices. Read more below:

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Price cap predictions continue to fall despite disruption in the Red Sea - Cornwall Insight

Tensions in the Red Sea have failed to derail the prospect of lower household energy bills from April, as our latest forecast for the April 2024 Default Tariff Cap (price cap) indicates.

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 months

We have released our final price cap forecast for April-June 2024, forecasting a 15% decrease in bills. Taking them to their lowest level for two years. We are predicting a typical household will pay: £1,635 p/a. Read more on our predictions below:

Cornwall Insight’s final forecast for the April price cap - Cornwall Insight

Cornwall Insight has announced its final forecast for the April – June Q2 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on 15 February.

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Prior to the Autumn statement, Cornwall Insight are releasing our latest April-June 23 price cap figures. If the EPG is removed, we forecast a typical household will pay £3,739 p/a Standing Charge (£/day): Elec - 0.37, Gas - 0.31 Unit Costs (p/kWh): Elec - 58.35, Gas – 15.01

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

We have released our final April - June 2023 price cap predictions: For a typical household: £3,294 p/a Standing Charge and Unit Cost forecasts: SC:(£/day) Elec-0.38, Gas-0.29 UC: (p/kWh) Elec-54.19, Gas-12.33 Read more about our predictions below:

Our final forecast for the April price cap - Cornwall Insight

We have released the final prediction for the April Default Tariff Cap (price cap) following the closure of the observation window, on 17 February.

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

FAQ: We have had queries on the definition of a typical household: Ofgem oversees the Typical Domestic Consumption Values (TDCVs) used by industry to describe average annual household gas and electricity consumption. Current TDCVs are: Elec 2,900kWh and Gas 12,000kWh.

@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

We have released new price cap figures following a wholesale price surge and Ofgem revising their cap methodology. We are predicting a typical household will pay the equivalent of: - £3,582 p/a from Oct - £4,266 p/a from Jan More on our forecasts below:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Prior to the announcement of the new energy policy, Cornwall Insight are releasing our latest price cap figures. Due to announcements by European policymakers and a currently well supplied GB energy system these have reduced to: Jan 23: £4,586 Apr 23: £5,015

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@CornwallInsight

Cornwall Insight

@CornwallInsight

11 months

We have released our latest price cap predictions covering the period Oct 2023 to Sept 2024. For a typical consumer, we are forecasting: Oct-Dec 23: £1,860 p/a Jan-Mar 24: £1,958 p/a Apr-Jun 24: £1,916 p/a Jul-Sept 24: £1,870 p/a Read our press release:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

New Price Cap Forecasts: A small rebound in the wholesale energy market has kept our forecasts over £2,000. Forecasts for a typical household p/a: Q3 23 (Jul-Sept): £2,000 Q4 23 (Oct-Dec): £2,023 On these forecasts, bills would revert to the price cap from the EPG in July.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

We are incredibly proud to announce that we won the 'Knowledge Pioneer' award at the Norfolk Business Awards last night. Here's some of the team this morning with our award. Congratulations to all the finalists and winners. #EDPBizAwards

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

2023 Standing Charge and Unit Costs forecasts: Q2 SC:(£/day) Elec - 0.37, Gas - 0.31 UC: (p/kWh) Elec - 54.14, Gas – 12.65 Q3 SC (£/day): Elec - 0.37, Gas - 0.31 UC (p/kWh): Elec – 35.18, Gas – 9.10 Q4 SC (£/day): Elec - 0.38, Gas - 0.32 UC (p/kWh): Elec – 36.05, Gas – 9.07

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@CornwallInsight

Cornwall Insight

@CornwallInsight

11 months

Our final price cap prediction for Oct-Dec 23 is out, forecasting a 7% cut in bills. As Ofgem are lowering what they define as a typical household's energy consumption from Oct23, we've forecast the cap for both the old and new usage figures: New usage: £1,823 Old usage: £1,925

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@CornwallInsight

Cornwall Insight

@CornwallInsight

4 years

The first ever Balancing Mechanism transaction from a Virtual Lead Party occurred today! Flexitricity announced the dispatch of batteries via this route to market this morning – this development made possible by the implementation of BM wider access.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

Our final price cap prediction for July projects a cost of £2,053 p/a for an average household. This would represent a saving of approximately £450 compared to the EPG level, and a reduction of £1,277 from the current average price cap. Read more below:

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Cornwall Insight release final forecast for July price cap - Cornwall Insight

Cornwall Insight has announced its final forecast for the Q3 2023 Default Tariff Cap (price cap) following the closure of the observation window on 18 May.

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Our price cap predictions for Jan 2023 have risen to £3,363 a year for an average consumer, increasing from the £3,003 figure released two weeks ago. Predictions for the Oct cap, have also seen a steep rise, and now sit at £3,244 a year. Read more here:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

Scottish government to set up publicly owned, not for profit #energy company by end of this parliament: Sturgeon

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

Nicola Sturgeon: "Investment in renewables has been a poor second place to new nuclear" #AllEnergy17

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Please see our latest price cap predictions for 2023. For a typical household we forecast: Q2 23 (Apr-Jun): £4,174 Q3 23 (Jul-Sept): £3,624 Q4 23 (Oct-Dec): £3,636 While the EPG will shield households from any rises, the government will compensate suppliers for the difference.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

8 months

We have released our final price cap forecast for January -March 24, forecasting a 5% rise in bills. We are predicting a typical household will pay: £1,931 p/a Read more on our predictions below:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

3 months

Prior to the introduction of the new price cap in April, we have released updated forecasts for the next three cap periods. We are predicting a typical household will pay: July-Sept 24: £1, 560 Oct-Dec 24: £1,631 Jan-March 25: £1,634 Read more here:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

We release our predictions in the hope that we can encourage policy change. We have created this infographic to help people understand the price cap and how we make our predictions. View the infographic: #EnergyPrices #CostOfLivingCrisis #EnergyCrisis

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What is the price cap? - Cornwall Insight

What is the price cap / default tariff cap? How does Cornwall Insight calculate their forecasts?

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

We're proud to announce that Cornwall Insight has been named by the @FT as one of the UK's leading consultancies, based on recommendations by clients and peers. A big thank you to all those who recommended us

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

Prior to the introduction of the July price cap, Cornwall Insight is unveiling its latest predictions. For a typical consumer we are forecasting: Oct-Dec 2023, £1,871 p/a Jan-Mar 2024, £1,901 p/a You can read our press release here:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

@MartinSLewis @RodneyMuggleton @Nugg78 Here you go - hope they help. July-Sept: SC:(£/day) Elec–0.53, Gas–0.29 UC: (p/kWh) Elec – 29.48, Gas–7.49 Oct-Dec: SC:(£/day) Elec- 0.54, Gas– 0.30 UC: (p/kWh) Elec – 29.80, Gas – 6.70 Jan– Mar: SC:(£/day) Elec–0.54, Gas–0.30 UC: (p/kWh) Elec–30.65, Gas–7.08

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@CornwallInsight

Cornwall Insight

@CornwallInsight

9 months

Prior to the introduction of the October price cap, we have released our price cap predictions for 2024. From Jan-Mar 2024 we forecast the price cap will rise by around 3.5%, before dipping slightly in the Apr-Jun period. Read more in our press release:

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Cornwall Insight release price cap forecasts for 2024 - Cornwall Insight

Prior to the introduction of the October - December 2023 Default Tariff Cap (price cap), Cornwall Insight has announced its forecasts for 2024.

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

As of 16 June, the UK has achieved 1,875 no-coal hours this year. This is only 30 hours less than the total for the whole of 2018, and it is expected that we will surpass this total sometime this week. #NoCoal #NoCoalHours #carbontargets #energy

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 months

Amid the cost-of-living crisis, the last thing households need is a 5% rise in energy bills. However, our reliance on foreign energy has again left the UK vulnerable to price increases caused by global events. Our response to the price cap announcement:

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Cornwall Insight responds to the announcement of the January price cap - Cornwall Insight

Ofgem has today announced the January Default Tariff Cap.

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Over the last week, traded prices for the upcoming winter season (winter 22) have reached their highest ever levels on our records (1/6)

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

We are incredibly proud to have been named the winner of the ‘Outstanding Achievement Award’ at the #NorfolkBusinessAwards . The award is a testament to the hard work and dedication of all our team and we are honoured to have been chosen.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

January-March 23 prices are however predicted to remain high, at an average £4,255 p/a. This is because the cap methodology encourages suppliers to buy energy ahead of time, which has left them unable to take advantage of the recent decline in the wholesale market.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

As of 2:30pm this afternoon, the UK has achieved more no-coal hours than the whole of last year (1,905 hours) according to data from Elexon. The total so far this year is over 1,908 no-coal hours.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

Following the introduction of the Jul-Sept 23 price cap, we are now releasing our predictions for Apr-Jun 24 For a typical consumer, we are forecasting: Oct-Dec 23: £1,878.31 p/a Jan-Mar 24: £1,916.76 p/a Apr-Jun 24: £1,888.11 p/a Keep up to date here:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

The T-4 Capacity Market auction for Delivery Year 2026-27 cleared at a record high price of £63.00/kW/year, procuring 43.0GW of capacity. This will result in ~£2.7bn of CM costs across the Delivery Year. (1/4)

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

2023 Standing Charge and Unit Costs forecasts: Q2 SC:(£/day) Elec - 0.33, Gas - 0.30 UC: (p/kWh) Elec - 55.29, Gas – 14.25 Q3 SC (£/day): Elec - 0.33, Gas - 0.30 UC (p/kWh): Elec - 38.68, Gas – 12.06 Q4 SC (£/day): Elec - 0.33, Gas - 0.30 UC (p/kWh): Elec - 40.91, Gas – 11.82

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

We have forecast that the Price Cap in 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. This means a 50% rise on the existing cap – itself an unprecedented rise. 👉

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@CornwallInsight

Cornwall Insight

@CornwallInsight

11 months

Our report in collaboration with @SmartEnergyGB unveils how empowering consumers to embrace flexible energy use could deliver £bns in savings. Read how smart meters, time-of-use tariffs, solar power and more could cut bills for households and the country:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

Last Friday’s blackout raised considerable interest in how @ng_eso balances power demand and supply. Today’s Chart of the Week discusses the spread of frequency distribution over the past few years. Read more here:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

National Grid has just released its Future Energy Scenarios 2017 - keep an eye on our Twitter today for updates live from the event #FES2017

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@CornwallInsight

Cornwall Insight

@CornwallInsight

6 years

National Grid has published 2017-18 Triad Data It is the first time all three have been below 50GW since the turn of the century and the first time that two have been in February.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

4 years

"The energy market that we have is not fit for purpose. It is too complex and uncoordinated, and this will lead to bad outcomes for consumers unless we seriously start talking about reform." Read out latest blog 'Lessons from a lock down' here:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

GB's no-coal period, which began at 1:26pm on 1 May, ended this afternoon at 2:55pm. This means the new record for consecutive no-coal hours stands at 193 hours - just over eight full days.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

National Grid ESO are set to use their Demand Flexibility Service (DFS) for the first time outside of a test setting. To date the DFS has been used on 9 occasions since November, all have been test events. (1/3)

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

Yesterday at 2:30-3:00pm, we observed the imbalance price falling to a record low of -£185/MWh. (1/ 4)

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

Initial reaction from @CornwallInsight Associate Peter Atherton on Helm's cost review 👇

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

Our latest price cap forecasts are out. For a typical consumer we are predicting: Oct-Dec: £1,933 p/a Jan-Mar: £1,944 p/a Stay up-to-date with our forecasts by visiting our price cap predictor page:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

. @EnergyUKcomms sends 10-point plan to @Dieter_Helm on UK energy industry priorities for cost review

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

The EPG will protect consumers from the Jan 23 price cap of £4,279 announced by Ofgem today, however the rise will be concerning to the government, who will be shouldering the billions of pounds needed to compensate suppliers the difference. Our response:

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Cornwall Insight responds to the announcement of the January Price Cap - Cornwall Insight

The Energy Price Guarantee (EPG) will shield consumers from the January price cap of £4,279 announced by Ofgem today, however the rise will be concerning to the government, who will be shouldering...

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

We have also released our predictions for the second half of 2023: For a typical household: Jul-Sept: £2,153 Oct-Dec: £2,161.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

6 years

The government has awarded £1.6mn to @OVOEnergy and @SunampLtd to develop a commercially viable smart electric central heating system

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

Tom Palmer and Emma Burns are at the #PowerResponsive event in #London today with @ng_eso to answer any of your questions. #energy

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@CornwallInsight

Cornwall Insight

@CornwallInsight

3 years

A big congratulations to Emma Burns, one of our Senior Consultants, who has been nominated in the Policy category for the 2021 Women Powering Smart Energy Award.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

4 years

Congratulations to Emma Burns who won an award yesterday for policy at the inaugural Women Powering Smart Energy awards. "It was an inspiring day, with some of the most impressive women (and men) speaking from the heart." #womeninenergy #womeninstem #femaleempowerment

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

Our latest insight paper predicts European gas storage levels could end winter at an average 55% full - higher than 2020. The data suggests levels could reach 88-100% full by Sept 2023. Read more on what this means for the energy market and energy prices:

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Europe's gas storage levels forecast to finish winter higher than 2020 - Cornwall Insight

Modelling from Cornwall Insight suggests European gas storage levels will end this winter between 45-61% full, with an average of 55% and could reach 88-100% full by September 2023.

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

The Greater London Authority (GLA) has been granted an electricity supply licence and a derogation that will allow it to operate on a licence lite basis

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@CornwallInsight

Cornwall Insight

@CornwallInsight

4 months

Ofgem has set the April price cap at £1,690 p/a for a typical dual fuel, direct debit consumer, cutting bills by 12%. Changes to how Ofgem calculate the cap, including adjustments for different payment types, have raised the cap slightly from predictions:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Our latest price cap data shows little change in the Winter 22/23 forecast, with prices predicted to rise to £2,601 for an average consumer. Our forecasts for the Summer 23 and Winter 23/24 caps continue to rise with predictions now set at £2,302 and £2,270 respectively.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

No nuclear needed: Renewables could meet UK’s carbon targets, but only with new policies via @tweetsbycurrent

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No nuclear needed: Renewables could meet UK’s carbon targets, but only with new policies

The UK could meet its looming fourth and fifth carbon budgets without the need for new nuclear, but only if renewables policy is urgently ramped up, Cornwall Insight has claimed.

www.current-news.co.uk

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

Charles Hendry's report on tidal lagoons to be published on Thursday

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

We are delighted to see our Principal Consultant Dr Craig Lowrey nominated for @CityAM 's 2023 Analyst of the Year award. Dr Craig Lowrey: "Thank you, City AM – I am honoured to be nominated, and thank you to all my colleagues at Cornwall Insight for their support."

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

. @e3g has released a new report on infrastructure for a changing energy system

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

In this week’s ‘Chart of the Week’, we look at how average fixed tariff unit costs have changed since the start of the year, alongside the unit rate levels under Ofgem’s October Default Tariff Cap, and the new EPG that will supersede it from 1 October.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

President of @DanfossCool @jfi1963 outlines how supermarkets could change #energy supply in a blog for @wef

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Our research on Great Britain’s Power Market out to 2030 has shown energy prices will remain in excess of £100/MWh annually. This is significantly above the five year pre-2021 average. High power prices will continue to feed through into consumer bills.

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Energy prices to remain significantly above average up to 2030 and beyond - Cornwall Insight

Research from Cornwall Insight looking at Great Britain’s (GB) Power Market out to 2030 has shown energy prices will remain in excess of £100/MWh annually.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

Today's 12 Days interview is with Catherine Mitchell of @exeterepg as we lead up to issue 600 of Energy Spectrum. Catherine spoke on energy efficiency not being taken seriously, building standards and what Energy Spectrum's Christmas 2020 comment may be.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

It’s great to see so many people at our first in-person conference in three years today. Dan Atzori, Adam Boorman and Kate Mulvany took everyone through an overview of REMA, what we know so far and the potential frameworks for new market models.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

3 years

Following a succession of energy supplier failures in recent weeks, it has been announced that one of the GB market’s gas shippers will now cease providing its services. Our infographic explains the importance of a gas shipper and the potential implications of this move.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

The government has indicated they will look at more targeted replacement support schemes to ease costs following a review. You can read more in the blog from our CEO Gareth Miller:

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Energy Price Guarantee to end in April Cornwall Insight

In very challenging political, market and economic circumstances the Chancellor is maintaining the domestic EPG support to April next year, but looking at more targeted measures, thereafter, noting...

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Our recent blog discusses how business energy prices have been rocketing for 15 months, with increases proportionately higher than those experienced by households under the Default Tariff Cap. Read more:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

The April price cap announced today is significantly lower than January’s, but with consumers currently protected by the EPG, it is not the falling cap that households should be concerned with, but the rising rate of the government scheme. Our response:

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Our response to the announcement of the April price cap - Cornwall Insight

Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall to an average £3,280 per year, nearly a £1,000 drop for a typical user compared to the Q1 2023 (Jan-Mar)...

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@CornwallInsight

Cornwall Insight

@CornwallInsight

6 years

Thousands of UK churches convert to #renewable energy

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Cornwall Insight

@CornwallInsight

9 years

Paddington Duck has found his new home... @leathesprior @norwichduckrace @breakwriter Well done all involved! http://t.co/dvL8Wg5ncR

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

EV owners can drive for free by letting #energy firms use battery, @Nissan & @OVOEnergy to offer V2G scheme in 2018

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@CornwallInsight

Cornwall Insight

@CornwallInsight

6 years

Trade organisations write joint letter to @GregClarkMP expressing concern over delay for Feed-in Tariff consultation

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

Business Secretary Greg Clark unveils £1bn Industrial Strategy Challenge Fund, with funding going to energy storage

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

We have also released our latest price cap forecasts for the second half of 2023: Our forecasts for a typical household: Q3 23 (Jul-Sept): £2,013 Q4 23 (Oct-Dec): £2,002

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@CornwallInsight

Cornwall Insight

@CornwallInsight

4 years

We have just released our latest insight paper, 'The net zero paradox'. Tom Edwards investigates the challenges and solutions for the design of electricity markets to reach net zero in world dominated by low marginal cost variable renewables.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Our report into the GB power market up to 2030 shows a fall in our power price projections from 2024, largely due to greater investment in renewables by Europe. Despite the fall, prices are set to stay above the pre-2021 average for the next decade.👇

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Investment in renewable pushes power price projections down but they remain above the pre-2021...

Cornwall Insight’s latest - GB Power Market Outlook to 2030 – has shown greater investment in renewables by nations across the continent, which has resulted in lower price projections in GB from 2024...

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

The figure shows that the majority of the capacity turned down by National Grid was from wind farms, but with some biomass and CGGT plant also reducing output. 'Imbalance Prices Turn negative for six straight hours' is available to read here for free:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

Ofgem introduced new rules to price blackouts at £6,000/MWh – so why did the price peak at £65/MWh during the disconnections. Read the article here:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

10 months

Domestic flexibility benefits individual households, the environment, and the wider energy system. Our insight paper, 'The power of flex: Rewarding smarter energy usage', was written in collaboration with @SmartEnergyGB and takes a closer look at these smart meter... (1/2)

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

We have now published our response to Ofgem’s Triad Benefit Decision and its broader impact on investor confidence -

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@CornwallInsight

Cornwall Insight

@CornwallInsight

1 year

We're excited to announce our relocation to larger offices in the heart of Norwich, having doubled in size over the past 5 years. We're thrilled to join others such as @BrownCoLLP , @NorwichTheatre and the @LastWineBar on St Georges Street. Find out more:

Cornwall Insight expands to central Norwich offices amidst rapid growth - Cornwall Insight

Cornwall Insight, is delighted to announce its relocation to larger offices in the heart of Norwich, underscoring the company's remarkable growth in recent years.

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

5 years

The power supply industry are in the throes of profound change. Anticipating these could open significant opportunities for business users. Cornwall Insight’s new paper for Haven Power discusses these issues and more. To download the paper, click here:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Yesterday, we were honoured to accept the ‘Outstanding Achievement Award’ at the #NorfolkBusinessAwards2022 . We are incredibly proud of our team to have been chosen for this award, as their passion, talent and outstanding values have led to this accomplishment.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

6 years

London-based machine learning startup @verv_energy completes the UK's first physical trade of energy on the blockchain

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@CornwallInsight

Cornwall Insight

@CornwallInsight

4 years

We're delighted to announce that we have been recognised as one of the UK's leading management consultants in the energy, utilities and environment sector for the second year running. This is recognition of our team's hard work, passion and expertise:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

10 months

The small drop in the price cap from October won't make a big difference to energy bills, but it is a move in the right direction. The outlook for Jan 2024 doesn't look as bright, with prices forecast to rise. Our full response:

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@CornwallInsight

Cornwall Insight

@CornwallInsight

2 years

Before tomorrow's announcement of Ofgem's Jan 23 price cap, please find our prediction below. Jan 23: £4,245 for a typical household While households will be shielded from the rise by the EPG, the government will compensate suppliers for the difference.

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Cornwall Insight release final Default Tariff Cap and EPG cost predictions prior to Ofgem announc...

The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight are releasing our final forecast for the January...

www.cornwall-insight.com

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@CornwallInsight

Cornwall Insight

@CornwallInsight

8 months

@ineedmoreblue @MartinSLewis Below are our standing charge and unit cost predictions for January. You can find our forecasts for all of 2024 here: Jan-Mar 24 SC (£/day): Elec-0.53, Gas-0.30 UC (p/kWh): Elec-28.69, Gas-7.42 Hope this helps.

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@CornwallInsight

Cornwall Insight

@CornwallInsight

3 years

These are challenging times for the retail supply industry, and our thoughts are with all those businesses and employees who face uncertainty this week. #energycrisis #Energy #companies #UK #GasPrices #ElectricityPrices

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@CornwallInsight

Cornwall Insight

@CornwallInsight

7 years

The #CleanGrowthStrategy has now been published

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