Just over seven years ago, price regulation in the domestic electricity market was fully removed. This allowed all suppliers the freedom to set their own tariff prices. In the domestic gas market, next July represents four years since Bord Gais was subject to price deregulation, opening up the gas market to free competition.
This week’s blog, we look at how market shares in the retail gas and electricity markets have altered since January 2017.
Regulation and policy
The latest update to our Energy Supplier Compliance Portal went live on 4 May and includes changes to the compliance landscape during February to April 2021. While the previous quarter’s update reflected new principles resulting from Ofgem’s Supplier Licensing Review (SLR) and protections for prepayment meter customers facing self-disconnection, Q121...
Home supply and services
As we take our first steps into 2021, we continue to look back at the biggest developments in the UK energy markets in 2020, setting us up for the significant year ahead. The mergers and exits from the supply market that were seen in 2019 continued into 2020 and led...
Commercial and market outlook
With COVID-19 dominating our everyday lives, we saw similar trends in our most popular articles for the year. Demand shifts were observed in domestic and industrial settings with working patterns shifting from offices to homes all around the country. It was also a landmark year for the renewables industry with...
Low carbon generation
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...
Low carbon generation
This article was originally published on 25 August 2020 in our ‘SEM and commodity pricing report’. In this week’s blog we take a look at the latest fundamental developments impacting power prices in the SEM. This will see us take a look at wind generation in the SEM this year, while...
Commercial and market outlook
This article was originally published on 9 June 2020 in our ‘Energy Spectrum Ireland’ publication. Since Cornwall Insight launched the Energy Spectrum Ireland Service in 2015, it has been providing insight on key developments in the energy markets in Ireland. With the macro market trends of decarbonisation, decentralisation and digitilisation,...
Energy storage and flexibility
According to National Grid’s 2019 Future Energy Scenarios[1], meeting decarbonisation targets could require deployment in GB of 13GW of flexibility from commercial and industrial consumers by 2050, compared to around 1GW currently available. While there are currently no comparable forecasts for domestic demand-side response (DSR), energy suppliers and technology companies...
Regulation and policy
100 days have passed since the UK was placed into lockdown and, as the government looks to continue easing of restrictions, it’s worth reflecting on where we’ve been and start looking ahead to where we’re going. Thanks to papers from Citizens Advice and National Energy Action (NEA) we now have...
