Cornwall Insight

balancing mechanism

UK’s balancing mechanism sees an annual increase in smaller participants

There has been a notable level of entry into the Balancing Mechanism from smaller providers across battery storage, gas reciprocating engines and aggregated units in 2020
california

Australian renewables see wholesale prices buck January trends

In Australia, the month of January normally sees a spike in the average wholesale electricity prices, according to Cornwall Insights.
electricity market

UK’s business gas and electricity market share fundamentally changed

The non-domestic gas and electricity market has fundamentally changed according to Cornwall Insight’s Business Gas and Electricity Market share Survey for Q420.
power exchanges

Brexit temporarily decouples GB’s energy trading from European power exchanges

As a result of Brexit, Britain's internal and cross-border trading has been temporarily decoupled from European power exchanges.
energy price cap

UK’s energy price cap predicted to rise by at least £66/year

The latest forecasts from Cornwall Insight indicates that the default tariff price cap will increase by approximately £66 from April 2021 to £1,108 per year for a typical dual fuel direct debit customer – from its current level of £1,042.
power exchanges

Electricity prices for UK SMEs rise for the first time since...

There has been a rise in the Small and Medium Enterprise (SME) gas and electricity prices, according to the latest SME Power and Gas markets reports, from Cornwall Insight.
flexibility services

Demand for DNO flexibility services predicted to gather pace

Cornwall Insight examines the Energy Network Association’s (ENA) forecast for Distribution Network Operators (DNO) flexibility services procurement over the next 10 years.
covid-19 business

TPIs revenues fall by 18% due to COVID-19

TPIs have seen a decrease in growth in both the Small and Medium Enterprise and Industrial & Commercial sectors, as a result of COVID-19.
battery storage projects

7GW of battery storage projects in the pipeline across Australia

Projections from Cornwall Insight Australia show there is 7GW of battery storage projects proposed or currently in the planning process.
renewable energy

UK’s current renewables pipeline will fall short of the 40GW by...

Renewables pipeline tracker shows that the current pipeline will fall well short of the 40GW by 2030 target recently reiterated by government

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