Press and media mentions
More information about us, the latest press releases that highlight key trends in the energy market, interviews and our mentions in the media.
Press Team
Our press team builds brand awareness within the wider market giving our experts a platform to share their analysis views on current market trends.
For media enquiries please contact v.sinclair@cornwall-insight.com
Press releases
Press Releases
Cornwall Insight comments on the announcement of the October price cap
Commenting on today’s announcement of the October Price Cap being set at £3,549 for a typical user, Dr Craig Lowrey, Senior Consultant at Cornwall Insight said: “The rise in the Default Tariff Cap (price cap) was unfortunately inevitable, as UK bills continue to be the victim of an unstable and…
Press Releases
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 paying £3,553 equivalent per year for their energy bills. As the observation window for Q4 (Oct-Dec 2022), the period of time…
Press Releases
Investment in renewable pushes power price projections down but they remain above the pre-2021 average for next decade
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 up until 2030. This is compared with our first report, published three months ago. Renewable investment has increased largely as…
Press Releases
Price cap forecasts for January rise to over £4,200 as wholesale prices surge again and Ofgem revises cap methodology
New forecasts for the January Default Tariff Cap (price cap) from Cornwall Insight 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. Forecasts for the October cap have also seen a rise,…
Press Releases
Energy prices across Australia to remain high until 2026
Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the National Electricity Market (NEM) will have an annual median price of around $200/MWh, up until FY2025. These high prices are expected to feed into bills over…
Press Releases
Businesses could see energy bills increase fivefold in October
Businesses in the UK will see their energy bills rocket when new contracts are negotiated in October1 according to data from Cornwall Insight. Some will face bills five times their current price, as concerns over Russian gas supply, tight electricity markets in Europe, and a global disruption to Liquified Natural…
Press Releases
Price cap to remain significantly above £3,000 a year until at least 2024
New forecasts for the Default Tariff Cap (price cap) from Cornwall Insight have shown a typical household’s energy bill will be well over £3,000 a year for the next 15 months, with the average bill over Summer 2023 (Apr-Sep) sitting at £3,649 – just over £300 per month. Experts at…
Press Releases
Cornwall Insight responds to the BEIS Committee report on Energy Pricing and the future of the Energy Market
A report from the Business, Energy and Industrial Strategy Committee (BEIS) on Energy pricing and the future of the energy market, published today (26 July), has laid out a number of recommendations on how Ofgem and the government could lower consumer energy bills and reduce instability in the energy market….
Press Releases
Electricity demand close to outstripping supply during unprecedented heatwave
Research from Cornwall Insight has shown that electricity system margins in Great Britain (GB) were very tight during the record-high temperatures seen earlier this week, with demand very close to overtaking supply. National Grid’s 1-hour forecast for de-rated margin (the difference between available generation and demand) was negative for two…
Press Releases
Swappable car batteries could accelerate UK’s transition to electric vehicles
Swappable car batteries could play a vital role in the UK’s move to electric vehicles, while aiding the government’s plans to stop the sale of new petrol and diesel cars by 2030, according to a new report from Cornwall Insight and law firm Shoosmiths. The paper – Battery-as-a-Service: an underexplored…
Press Releases
Cornwall Insight’s reaction to the BEIS consultation on the Review of Electricity Market Arrangements
Gareth Miller, Chief Executive at Cornwall Insight said: “Confirming the Review of Electricity Market Arrangements (REMA) opens the prospect of a complete overhaul of the electricity market in Great Britain, for the first time in over 20 years. The scope is very wide, and the perceived need for reform from…
Press Releases
Two thirds of energy industry professionals think the market needs to be drastically reformed, but say locational pricing is not the answer
A survey conducted of over one hundred leading energy market professionals from across the investment and advisory community, by Cornwall Insight, from the attendees of its Financing Net Zero forum, has shown nearly two thirds (63%) of people working in the energy industry1 believe the UK market needs to be…
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