With the wholesale market surging by 11% over the last three months, as well as the prospect of a default tariff cap by the end of the year, suppliers of all shapes and sizes have been taking stock and adjusting prices.
Between the end of June and the end of July, 28 suppliers applied price increases on their cheapest tariff options. This drastically shifted the range of dual fuel tariffs on offer, this week’s chart of the week takes a look into these changes.
Alternatively, please sign up to receive free market insight online and direct to your inbox
Home supply and services
Across 2020 and 2019, 887,000 domestic customers were supplied by a company which exited the market via the Supplier of Last Resort mechanism (SoLR). On average, this is around 1.7% of the market per year. In 2018, 551,000 domestic customers were supplied by a company which entered the Supplier of...
Home supply and services
The default tariff price cap for a typical dual fuel direct debit customer looks set to increase by over £100 for the Winter 2021-22 period, according to an initial assessment from Cornwall Insight’s bi-annual tariff cap predictor. The latest forecast for the cap indicates that it will increase to around...
Home supply and services
In this 'Chart of the week', we look at how prevalent green supply has become, unpick some of the drivers behind this, and look at the challenges now facing consumers, suppliers and policy makers confronted by a sea of green. Over recent years, we estimate the percentage of households with...
Low carbon generation
Rooftop solar installations have continued record growth in 2020, as reported by Clean Energy Regulator (CER) in its latest December Quarterly Carbon Market Reports. In the report, 3GW of rooftop solar capacity was installed in 2020, which is a year-on-year increase of 40%. This brings the total rooftop solar capacity...
Home supply and services
This January saw the largest supplier exit through Ofgem’s Supplier of Last Resort (SoLR) process. Green Network Energy ceased to trade on 27 January, with Ofgem appointing EDF Energy as SoLR for its 360,000 domestic customers shortly after. On the same day, the regulator announced the exit of Simplicity Energy,...
Power and gas networks
The ACCC currently calculates the LNG netback price as the price a gas exporter could receive for gas exports excluding the costs to convert and ship the gas. Asian cold weather and supply bottlenecks have driven the February LNG netback price to nearly $20 a gigajoule, more than double the...
Home supply and services
This article was originally published as part of a larger piece in Energy Spectrum, published on 25 January 2021. To find out more about a subscription to Energy Spectrum, contact Nick on n.palmer@cornwall-insight.com. This week's 'Chart of the week' discusses the latest electricity switching figures from Energy UK, published on 21...
Business supply and services
The publication of our Business Gas and Electricity Market Share Surveys for Q420 (with a reporting date of 31 October) has highlighted the changing dynamic of the business supply market as competitive pressure has reduced the market share of the traditional six large suppliers. In this 'Chart of the week',...
