Home Sectors Services Our thinking About us Contact us Login United Kingdom of Great Britain and Northern Ireland HOME PRESS 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.merrison@cornwall-insight.com Press releases Previous PRESS RELEASES Supply for CPPAs is set to outstrip demand by 2022 Supply for Corporate Power Purchasing Agreements (CPPAs) is expected to outstrip demand. This situation is likely to give companies seeking a CPPA more bargaining power according to research from Cornwall Insight’s latest insight paper, “Unlocking net zero strategies for business”, published in collaboration with Shoosmiths. The below graph shows that… Kate Hill 30 NOV 2021 PRESS RELEASES Cornwall Insight comments on a year of Dynamic Containment Cornwall Insight examines the first year of Dynamic Containment (DC) since its launch in October 2020 by National Grid Electricity System Operator (NGESO). DC is the first of a new suite of faster-acting frequency response services. As non-synchronous renewable technologies make up an increasing share of the generation mix, system… Luke Ansell 23 NOV 2021 PRESS RELEASES Cornwall Insight comments on the energy supplier Bulb’s administration Commenting on today’s news that the energy supplier Bulb is falling into administration, Robert Buckley, Head of Relationship Development at Cornwall Insight, said: “The failure of Bulb today marks dark times for the energy sector, with this being the biggest failure of a supplier since TXU Energy nearly 20 years… 22 NOV 2021 Next See our latest press releases. See more press releases Media mentions MEDIA MENTIONS Energy Monitor | The energy crisis and net zero investment An article written, by Daniel Atozri, Research Partner at Cornwall Insight featured in Energy Monitor. In the article Daniel discusses how the high volatility of wholesale prices and turbulence in the energy supply market could discourage investors looking for stable returns and cashflows. He explained that there is a risk... Dr Dan Atzori 15 NOV 2021 MEDIA MENTIONS The Guardian | Wholesale prices rise again With wholesale prices rising yet again Anna Moss, Head of Consumer Markets explained what this would mean to suppliers already struggling. Explaining the current state of the supply market, Anna said the very high wholesale prices have caused significant distress even before winter begins. How suppliers fare is in the... Anna Moss 15 NOV 2021 MEDIA MENTIONS Daily Mirror | Price cap changes Robert Buckley Head of Relationship Development spoke to The Daily Mirror about the potential changes to the price cap analysis. He explained that Ofgem was facing pressure to re-evaluate how they calculate the cap particularly recently with a spate of suppliers exiting the market. Ofgem has had a lot of... Robert Buckley 29 OCT 2021 MEDIA MENTIONS Energy News Live | Tariff gap Our research shows that the gap between the cheapest energy deals and price cap has shrunk to the lowest ever level featured in Energy News Live. The difference between the ten cheapest tariffs on offer and the current default tariff cap for September 2021 stands at just £11 a year, compared to... James Mabey 21 OCT 2021 MEDIA MENTIONS Financial Times | Price cap set to rise Cornwall Insight's predictions for the default tariff cap featured in the Financial. Our research shows that the price cap could rise by almost one third to £1,660 based on wholesale energy prices. Financial Times 7 OCT 2021 MEDIA MENTIONS i | Energy bills set to increase Craig Lowrey shared his thoughts and predictions on the price cap. He discussed our forecasts for the price which predicts a £383, or 30 per cent, increase in the price cap to about £1,660. Craig explained that with wholesale gas and electricity prices continuing to reach new records and successive... Dr Craig Lowrey 6 OCT 2021 MEDIA MENTIONS The Guardian | Net zero electricity by 2035 Tom Edwards talked to The Guardian today about the Prime Minster's plans to decarbonise the electricity grid by 2035. He explained that to meet this target it would require a massive ramp-up of wind and solar to meet the electricity demand. Data from Cornwall Insight shows that to do this it... 5 OCT 2021 MEDIA MENTIONS This is Money | Fixed tariffs Anna Moss, Head of Consumer Markets, spoke to This is Money about the current energy prices and what customers should do if their fixed tariffs end. Anna explained that the usual process when a fixed deal ends is that customers would usually switch to a cheaper option. However, there aren't... Anna Moss 30 SEP 2021 MEDIA MENTIONS The Guardian | Price cap rising Our research predicting a rise to the summer default tariff, was featured in The Guardian. Talking about the research Craig Lowrey, Senior Consultant at Cornwall insight explained that the recent high wholesale price would feed into the price cap potentially increasing it by 14% to £1,455 a year for a... Dr Craig Lowrey 21 SEP 2021 MEDIA MENTIONS The Daily Telegraph – Energy crisis intensifies Tim Dixon spoke to The Daily Telegraph about the mounting energy crisis seen in Great Britain. Explaining why we are seeing high wholesale prices Tim said gas storage levels across Europe are well below levels we would expect them to be heading into a winter season There is still uncertainty... Tim Dixon 18 SEP 2021 MEDIA MENTIONS Daily Mail | Fire at interconnector site In the Daily Mail, Joe Camish, Senior Analyst at Cornwall Insight, discussed what a fire at an interconnector site in Kent means to consumers energy bills. Explaining what this means, Joe said that the price cap level could rise by 10 per cent when it is next updated in April... Joe Camish 16 SEP 2021 MEDIA MENTIONS Financial Times | wholesale prices hit all time high Day-ahead power prices hit their highest level on Cornwall Insight records. Discussing this in the Financial Times, Joe Camish, Senior Analyst at Cornwall Insight, said that these highs were due to a combination of factors, including a global shortage for gas. He explained that if prices continue, the effect will... Joe Camish 13 SEP 2021 MEDIA MENTIONS BBC News | high gas prices Robert Buckley, Head of Relationship and Development, disscussed high wholesale gas prices and how it will affect customers on the BBC. Robert explained that prices for power that is needed immediately are at all-time highs - 10 times the costs of last summer. He said that consumers would see these... Robert Buckley 9 SEP 2021 MEDIA MENTIONS Power Engineering International | Prices of green certificates rise Cornwall Insight's latest insight on the Renewable Energy Guarantees of Origin (REGO) market featured on Power Engineering International. The research shows REGO prices have risen significantly in recent months, with average reported prices of £1.35/REGO. Speaking about the research Luke Ansell, Analyst at Cornwall Insight, said higher prices were caused... Luke Ansell 9 SEP 2021 MEDIA MENTIONS The Daily Telegraph | High prices see coal plants on system Joe Camish, Senior Analyst at Cornwall Insight, commented about the high wholesale energy prices in the market as power prices surged to more than four times their average level. Regarding the future of wholesale prices, Joe said that GB would have to rely on older thermal assets to help ease... Joe Camish 6 SEP 2021 MEDIA MENTIONS Renewable Energy Magazine | 8 GW of wind eligible for CfD AR4 Cornwall Insight's research on the Contracts for difference (CfD) scheme featured in Renewable Energy Magazine. The research shows that eligible solar pipeline of ~3 GW, up by ~1.8 GW on the same time 12 months ago, with CfD eligible onshore wind capacity at ~5 GW, up by around 1 GW... 26 AUG 2021 MEDIA MENTIONS Business Motoring | EV feature Katie Hickford Analyst at Cornwall Insight featured in Business Motoring's EV guide. She shared her thoughts on the current choice of electric vehicle (EV) tariffs on the market. Katie explained that at the current choice of tariffs available to new EV owners is small, with a total of 11 suppliers... 18 AUG 2021 MEDIA MENTIONS PV Magazine | 2 GW of renewables achievable for Bolivia A consultancy project by Cornwall Insight commissoned by the United Kingdom Embassy for Bolivia featured in PV Magazine. The project research shows that it is possible to reach an operational capacity of 2 GW of renewable energy in Bolivia by 2030. In 2019, the country has an installed renewable capacity... 17 AUG 2021 MEDIA MENTIONS The Energyst | SMEs consider renewables Cornwall Insight research showing that a renewable energy offering in a supplier’s portfolio comes behind only to dedicated account management among SMEs’ preferred features, when they assess competitors was featured in The Energyst. Data from our Cornwall Insight survey shows that Renewable Electricity Guarantee of Origins (REGOs) or renewable propositions... Molly Lloyd 11 AUG 2021 MEDIA MENTIONS Power Engineering International | UK corporates look to renewables Research from our 'TPI Satisfaction Survey' featured in Power Engineering International. The survey found a growing interest in renewable electricity amongst businesses and Third-Party Intermediaries (TPIs) in the UK. Molly Lloyd Senior Analyst at Cornwall Insight explained that despite Despite the challenging year for businesses, we recorded a growing interest... Molly Lloyd 9 AUG 2021 MEDIA MENTIONS Bloomberg | Price cap on the rise Our thoughts on the rise to the default tariff price cap were quoted by Bloomberg Quint. Ofgem increased its price cap to a record level. The new level of 1,277 pounds comes in to effect in October and will run through March for customers on standard variable tariffs. Craig Lowrey... 6 AUG 2021 MEDIA MENTIONS Fleet News | EV charging tariffs Our research on the number of electric vehicle (EV) tariffs featured in Fleet News. Research showed around 17 EV tariffs are available, with some of the tariffs still in testing phases and not available to all customers. On top of this number, there are 11 Time of Use (ToU) EV... Katie Hickford 28 JUL 2021 MEDIA MENTIONS Energy News Live | Merchant onshore wind Our insight paper on the viability of merchant finance in onshore wind was quoted on Energy News Live. Fully merchant onshore wind is unviable to most investors and will not lead to mass capacity, with only 7% of those surveyed considering a fully merchant onshore wind project financially viable. Daniel Atzori, Research... Dr Dan Atzori 26 JUL 2021 MEDIA MENTIONS Montel | LNG supply Craig Lowrey Senior Consultant at Cornwall Insight was quoted in Montel discussing LNG supply. The UK continues to face a severe lack of LNG amid still strong Asian demand for the fuel, resulting in growing concerns about gas availability and an inevitable surge in prices. Craig Lowrey, senior analyst at... Dr Craig Lowrey 21 JUL 2021 MEDIA MENTIONS This is Money | More than a million households have seen their energy firm go bust in the last few years Our analysis on the domestic energy market showing 1.7% of domestic energy customers have been rescued by the Supplier of Last Resort process in the last two years, featured in This is Money. The first half of 2021 has already seen 1.5% of customers in the domestic retail market being served... Naomi Potter 19 JUL 2021 MEDIA MENTIONS Daily Express | Default tariff cap rising Our predictions on the default tariff price cap rising when Ofgem next looks at it was featured in the Daily Express. Rising wholesale energy and commodity prices are set to increase the cap by at least another £100. Commenting on the prediction Craig Lowrey Senior Consultant at Cornwall Insight said... Dr Craig Lowrey 13 JUL 2021 MEDIA MENTIONS Energy News Live | Energy prices for SME rise Our research showing prices rising for Small and medium enterprises (SMEs) was featured in Energy News Live. Electricity prices for SMEs reached record highs in the second quarter of the year. Discussing the reasoning behind the significant price rise Molly Lloyd Senior analyst at Cornwall Insight explained the rise in... Molly Lloyd 5 JUL 2021 MEDIA MENTIONS The Guardian | Energy bills on the rise Price cap analysis from Cornwall Insight was showcased in The Guardian. The analysis shows that for the coming winter, the regulator is expected to lift its cap for the average dual-fuel energy bill from £1,138 a year to £1,250 a year. Discussing the reason behind the rise, Craig Lowrey said... Dr Craig Lowrey 23 JUN 2021 MEDIA MENTIONS Daily Mail | Green energy tariffs Our research on green energy tariffs and suppliers featured in the Daily Mail. More than three in five households in Britain are now supplied by green energy firms. With 'green' suppliers – those only offering electricity tariffs backed by Renewable Energy Guarantee of Origin certificates – rocketed from less than... Oliver Archer 22 JUN 2021 MEDIA MENTIONS Power Engineering International | UK renewables won’t meet 2050 target The current market and options available for new-build renewables are inadequate to keep the UK on track to meet its net-zero target commented Tim Dixon Team Lead at Cornwall Insight in Power Engineering International. Our research shows a rate of subsidy-free Corporate Power Purchase Agreement (CPPA) and utility Power Purchase... 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