2018: The Year of Living Dangerously

With 2018 having drawn to a close, the year saw another busy period in energy market activity and regulation, against the looming backdrop of Brexit. Cornwall Insight has compiled an annual overview, attempting to capture the highlights and main developments. We consider energy policy, networks regulation and retail and wholesale energy markets. But, as we move into 2019, when we look over our shoulder we perceive a year of limited progress and missed opportunities.

We observe three dominating but perhaps contradictory themes:

• regulatory action has adhered to short-term economic regulatory objectives, but it remains poorly coordinated with longer-term policy objectives

• government has defaulted to big, showpiece policy announcements as compensation for delays in strategic policy-making, and

• inconsistency has been revealed in sharp relief between a stated desire for market-based solutions, when intervention itself is undermining markets

Related thinking

Regulation and policy

Answers to some FAQs about Brexit

Following the end of the transition period on 31 December 2020 and the signing of the Trade and Cooperation Agreement, aspects of the relationship between UK and the EU in respect of the arrangements for energy trading and cooperation have changed. We set out answers to some Frequently Asked Questions...

Commercial and market outlook

A look back at 2020

As we take our first steps into 2021, we look back at the biggest developments in the UK energy markets in 2020, setting us up for the significant year ahead. As 2019 turned into 2020, we were still waiting for the Energy White Paper (EWP), a document which had been...

Low carbon generation

Analyse thy neighbour: Interconnectors and their importance to future power prices

Whilst we build towards 2021 and post-Brexit energy markets, focus has been applied to how we in GB strive towards net zero ambitions with a more independent policy agenda. However, regardless of future trading arrangements, interconnectors with EU nations will continue to play a pivotal role in driving wholesale power...

Announcement

Celebration: Cornwall Insight wins second FT award

Tom Palmer, our managing consultant, discusses our recent success of achieving a bronze award for consulting from the Financial Times for the second year running. Last week we discovered that for the second year running we have been rated in the top 20 Management Consultants for Energy, Utilities and Environment...

Announcement

An eventful year: 2019 in review

It’s been a busy year for Cornwall Insight, from expanding into new locations, welcoming new people to the team, winning awards and launching new products.  In our infographic, we take a look back at 2019 to see what the hot topics were through our blogs, charts of the week and...

Commercial and market outlook

Cornwall Insight’s Brexit considerations for the energy sector

The Supreme Court ruling on the prorogation of Parliament has re-focused attention on the UK’s stated departure date from the European Union of 31 October. Across the country and throughout the economy, businesses are trying to determine what the various scenarios associated with Brexit mean for them and the respective...

Commercial and market outlook

Five things we learnt from Energy Spectrum | Issue 653

We present five key themes and findings from this week’s edition of Energy Spectrum issue 653 The commissioning of the 1GW NEMO link interconnector, linking the GB power market to Belgium, on 31 January marks the start of a potential wave of new development that could see total cross-border capacity...

Low carbon generation

Old friends: the hidden good side of the EU

As uncertainty around Brexit continues, it is important to reiterate some of the work that the EU and European Commission (EC) carries out behind the scenes of the energy industry. In particular, this week we look at the EU Sysflex project, which is being led by EirGrid and SONI, having...

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