Crystal balling – Seeing into the future with forward power curves

Following on from our previous podcast two months ago, ‘Crystal Balling – Future power prices and the impacts of net zero’. Emma Burns, Senior Consultant, and Tom Edwards, Senior Modeller, reunited to discuss the thinking behind our ‘Benchmark Power curve service’ and our view of the market and prices out to 2050.

They discuss how we can expect prices to evolve, and the role of interconnection, hydrogen, cabon capture use and storage (CCUS) in driving market outcomes and setting prices in future.

They also ask what kind of market design would be needed to deliver net zero and manage the ‘net zero paradox’, the subject of Tom’s recent insight paper.

Insight paper | ‘The net zero paradox’: www.cornwall-insight.com/insight-pape…st-resources

Service | ‘Benchmark power curve service’: www.cornwall-insight.com/market-resea…-power-curve

Below is a 60-second extract from our full podcast.

We discuss how we can expect prices to evolve, and the role of interconnection, hydrogen, cabon capture use and storage (CCUS) in driving market outcomes and setting prices in future.
Emma Burns

Emma Burns

Tom Edwards

Tom Edwards

To listen to the full podcast, please log in to your account

Alternatively, please sign up for a free account

Login or Sign up
Contact us

Related thinking

Regulation and Policy

Is our energy market design fit for net zero?

In our latest podcast, our Research Partner, Dan Atzori, and our Senior Modeler, Tom Edwards, discuss energy governance challenges and how to overcome them. A number of key stakeholders in the energy transition are raising the issue of whether the governance status quo is adequate for achieving net zero. While...

Commercial and market outlook

Energy policy and regulation – looking back to look forward

Our Head of Training, Ed Reed and Head of Relationship Development, Robert Buckley, mark 750 Energy Spectrum weekly bulletins with our latest podcast. Our experts discuss policy and regulatory changes that have been covered over 15 years of analysis and commentary from the Cornwall Insight team. From this, they look...

Commercial and market outlook

Talking to Ofgem about the Future of System Operation

In this podcast Tom Corcut, Deputy Director for wholesale markets in Ofgem joins Emma Burns, Senior Consultant Cornwall Insight to discuss the recommendations that Ofgem made in its publication on the future of system operation in January 2021. Tom and Emma talk about Ofgem’s findings and why it has made...

Low carbon generation

O come all ye flexible – the challenges of getting into the Capacity Market

The festive period is often a time of reflection, and given the recent publication of the Capacity Market prequalification, we thought it was a good chance to look back at what participants have had to go through to get to this point. In our latest podcast, two members of our...

Energy storage and flexibility

Crystal Balling – future power prices and the impacts of Net Zero

In our latest podcast, Wholesale Manager James Brabben, Head of Modelling Tom Musker and Senior Modeller Tom Edwards discuss our latest views long-term power prices. Part of a series covering our assessments of the future wholesale power market, the trio discuss the latest results from our 'Benchmark power curve' service and...

Low carbon generation

COVID-19 lessons on the path to net zero 2050

In our latest podcast, Senior Consultant Craig Lowrey and Senior Writer Nick Palmer discuss Craig’s Energy Spectrum piece on the lessons from the current lockdown for the path to net zero. They look at the current low demand-high renewables situation and what we can learn for the future of the...

Low carbon generation

The impact of COVID-19 on financing low-carbon infrastructure

Our latest podcast features Cornwall Insight’s Research Partner, Daniel Atzori, and Key Account Leader, Bertie Bagge. In the podcast, they interview Dan Wells, partner at Foresight, and Gareth Baker, partner at Gowling WLG. The group discuss the likely impact of the COVID-19 crisis on financing low-carbon infrastructure. Our experts look...