contracts for difference

  • Press Releases

    48.9GW of new renewables projects currently in the scoping stages

    Renewables projects labelled as “scoping” currently represents 50% or 48.9GW of the total viable pipeline capacity*, according to the latest analysis from Cornwall Insight. Of this 48.9GW "scoping" total, 38.6GW is from offshore wind, 5.0GW from battery projects, 3.0GW from onshore wind and 1.5GW from solar PV. This includes some...

  • Media Mentions

    Daily Express | Sturgeon crushed as SNP struggle with economic case for independence

    James Brabben Wholesale Manager at Cornwall Insight was quoted in the Daily Express discussing renewable energy in Scotland. He explained there may be issues on the energy agenda Scottish politicians would like to control, but that might not be possible because policies are made elsewhere. Discussing the Contracts for Difference...

  • Press Releases

    High wholesale prices and negative pricing events forecasted to grow

    Research from Cornwall Insight’s Benchmark Power Curve, which forecasts the power market to 2045 under different net zero scenarios, highlights volatility in the wholesale power market is set to increase. Its central case scenario predicts that the standard deviation of hourly wholesale prices could reach £41.8/MWh by 2030. In the...

  • Media Mentions

    Engerati | Current offshore wind pipeline falls short of 40GW by 2030 target

    The total offshore wind capacity would reach only 29.7GW by 2030. This takes into account even if all current offshore wind sites with leasing are developed in the coming years. The figures come from our latest report from our ‘Renewables pipeline tracker service’. The report currently tracks 22 sites across...

  • Media Mentions

    Financial Times | UK renewable energy auction prices plunge

    Our thoughts on the Contracts for Difference (CfD) Allocation Round 3 results were quoted in the Financial Times. There was record low clearing prices of the results indicated the continued and rapid cost reductions for offshore wind resulting in competitive auctions. James Brabben Wholesale Manager at Cornwall Insight pointed out...

  • Press Releases

    A glimpse into the future of wholesale power

    Over the Easter holidays, the UK bathed in warm sunshine and as a result, the GB wholesale power market experienced a series of notable events, some that would have once been rare. High levels of embedded solar generation reduced the need for grid-connected energy production, causing the minimum daytime demand...