Home supply and services
Cornwall Insight comments on the announcement of the October price cap
If you are a consumer seeking support with their energy bills, please read our blog here: https://www.cornwall-insight.com/support-for-consumers-concerned-about-rising-energy-bills/ 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...
Home supply and services
Cornwall Insight release final predictions for October’s Price Cap
If you are a consumer seeking support with their energy bills, please read our blog here: https://www.cornwall-insight.com/support-for-consumers-concerned-about-rising-energy-bills/ 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 £3,554 equivalent per year...
Home supply and services
Price cap forecasts for January rise to over £4,200 as wholesale prices surge again and Ofgem revises cap methodology
If you are a consumer seeking support with their energy bills, please read our blog here: https://www.cornwall-insight.com/support-for-consumers-concerned-about-rising-energy-bills/ Our new forecasts for the January Default Tariff Cap have risen by over £650(1), meaning a typical household is now predicted to pay the equivalent of £4,266 a year for the three months to...
Business supply and services
The energy crisis affects businesses as well as households
Yesterday morning we issued our updated forecasts for the Default Tariff Cap through to the end of 2023. They make for grim reading: from 1 October 2022 the Cap will average £3,500/year equivalent or so for at least a year, unless there is a collapse in the wholesale energy markets....
Home supply and services
Price cap to remain significantly above £3,000 a year until at least 2024
Our latest forecasts for the Default Tariff Cap 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. We have also updated the predictions...
Home supply and services
Default Tariff Cap forecast climbs further as Ofgem announcement looms
Due to market volatility, world events and Ofgem's new methodology, our price cap prediction has changed. Please see the latest predictions via our blogs page here Updated price cap figures here As the energy market continues to grapple with global political and economic uncertainty, the corresponding high wholesale prices, and...
Regulation and policy
Hanging in the balance – Ofgem’s latest proposals on protecting customer credit and RO payments
Ofgem has published a consultation setting out its latest proposal to deal with the risks – and costs – of supplier failure. This forms part of a broader piece of work on increasing the financial resilience of suppliers and curbing the costs passed on to all customers after a supplier...
Home supply and services
A Q&A with our price cap specialist, Principal Consultant Dr Craig Lowrey
We recently held an interview with our price cap specialist, Principal Consultant Dr Craig Lowrey. This discussed recent concerns over the price cap, what makes these predictions useful for domestic and non-domestic consumers and more. Dr Craig Lowrey has over 25 years’ experience in the energy sector, building upon academic...
