Cornwall Insight

February 5, 2021

Default price cap jumps £96 as wholesale energy prices rebound

The default energy price cap is set to increase by £96 from 1 April 2021, returning to pre-pandemic levels to reflect rising wholesale prices.

January 20, 2021

Customers’ bills to jump with price cap increase of £66 as wholesale energy prices recover

The default tariff price cap is set to increase by £66 from April 2021 as wholesale power prices jump.

The Vulnerability Commitment’s signatories include Octopus Energy

November 12, 2020

Mutualisation of Renewables Obligation triggered for third year as suppliers struggle to meet payment deadlines

For the third year in a row, mutualisation of Renewables Obligations (RO) has been triggered according to Ofgem.

Flexibility strategy: game changer or simply warm words?

October 13, 2020

GB could become a net exporter of power by 2040s

New modelling by Cornwall Insight has predicted that Great Britain could become a net exporter of power to the European continent by the 2040s.

September 22, 2020

Cornwall Insight warns of risk of RO mutualisation

The risk of Renewable Obligation (RO) mutualisation has grown, as the supply market continues to be challenging.

‘I suspect there will be a similar scheme to triads next year

June 11, 2020

Use of Balancing Mechanism doubles as COVID-19 highlights imperfect system

The Balancing Mechanism (BM) was used twice as much throughout April and May 2020 as the previous year, due to the impact of COVID-19.

April 15, 2020

CfD auction set to be highly competitive with over 10GW likely to compete

The upcoming Contracts for Difference (CfD) auction is set to be highly competitive, with over 10GW of capacity likely to compete.

Flex Providers must be able to stack multiple revenue streams in order to build the investment cases for their assets.

April 14, 2020

Energy demand hits record low levels over sunny bank holiday weekend

Energy demand reached a new low in the UK over the bank holiday, setting two new records according to Drax Electric Insights.

ENA calls for a number of measures for the UK to include in the upcoming Spring Budget. Image: Pxfuel NC.

April 6, 2020

Surging renewables give ‘glimpse of the future’ as prices tumble over sunny weekend

Low demand and a sunny weekend sent power prices plunging into negative figures on the day-ahead hourly market for the third time as generation hit a new record.

March 3, 2020

What’s on the horizon for negative prices in GB?

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