net zero

  • Press Releases

    Renewables Gas Guarantees of Origins certificate prices continue to fall

    Results from Cornwall Insight’s latest Green Certificates Survey indicate the price of Renewables Gas Guarantees of Origin (RGGO) certificates continues to fall. Relative to the March 2020 survey, the average reported RGGO price has fallen 30% to ~£6/MWh for 2019 vintage RGGOs and dropped 15% to ~£7/MWh for 2020 vintage...

  • Media Mentions

    Power Engineering International | UK’s pace for new-build renewables not fit for 2050 net-zero target

    The current market and options available for new-build renewables are inadequate to keep the UK on track to meet its net-zero target commented Tim Dixon Team Lead at Cornwall Insight in Power Engineering International. Our research shows a rate of subsidy-free Corporate Power Purchase Agreement (CPPA) and utility Power Purchase...

  • Media Mentions

    The Independent | UK’s net zero push undermined by energy grid that holds back renewables

    Tom Edwards Modelling Consultant at Cornwall Insight was quoted in The Independent discussing the energy grid and how it is holding back the transition to net zero. There is a need for change according to Tom. Network charging arrangements were built in the 1990s when it was thought we were...

  • Media Mentions

    reNEWS | Survey reveals UK support for renewable energy tariffs

    Our latest research has revealed that 38% of UK consumers claim to have renewable energy tariffs for their homes. Additionally, just over half (51%) expect to choose these the next time they change tariff.  In partnership with Alpha Real Capital, the survey found 26% of respondents are prepared to pay...

  • Press Releases

    Cornwall Insight comments on the Energy White Paper

    Commenting on the government's release of the Energy White Paper, which sets out plans to decarbonise the UK's energy system, Gareth Miller, CEO of Cornwall Insight, said: “The Energy White Paper maps out the biggest change to the energy markets since the Electricity Act of 1989. Many of the headlines...

  • Media Mentions

    PV Magazine | Cornwall Insight advises Still Waters Green Technology for its 30MW flagship battery storage project

    We are pleased to announce that we have advised Still Waters Green Technology (SWGT) to secure the £12m non-recourse Phase One Financial Close with Santander UK. The deal was announced in November and will see a 30MW utility-scale battery storage project built in Swindon. We are delighted to have advised...

  • Media Mentions

    Current | Ten Point Plan reactions: A ‘vital step forward’, but does it go far enough?

    Late last night, Prime Minister Boris Johnson released his Ten Point Plan for a Green Industrial Revolution. The energy industry and its customers have desperately needed clarity on how the government intends to meet its net zero goal. The Prime Minister’s announcement lays the scene for some big industry changes, and...

  • Media Mentions

    Energy Monitor | Investment flows vindicate EU climate policy

    Analysis of foreign direct renewable energy investment shows the EU accounting for a rapidly rising share of the global total. However, what particularly stands out is the extent to which Europe is attracting a greater proportion of investment. These numbers are certainly impressive, though not entirely surprising. Through its EU...

  • Press Releases

    Electricity generation is transforming with net zero. Does power market design need to do the same?

    The decarbonisation of the power sector is accelerating through the rapid expansion of low marginal cost renewable generation. As a result, the current electricity market design and the marginal price-based determination of the price of power risk acting as an ever-growing barrier to investment needed to fulfil the net zero...

  • Media Mentions

    Renewable Energy Magazine | Electricity generation is transforming with net zero, but does power market design need to do the same?

    Issues around the current electricity market design acting as a barrier to investment are explored in our latest insight paper – The net zero paradox: Challenges of designing markets to bring forward low marginal cost resources. Inevitably, as we head closer towards a net zero economy, a significant proportion of the...

  • Media Mentions

    Icon | An increase of 46 GW renewables technology capacity is required by 2030, analysis says

    Forecasts from our ‘Benchmark power curve’ suggests that up to ~46GW of new build renewable technology, ~11GW onshore wind, ~10GW solar and ~25GW offshore wind, may need to be developed by 2030. This is to keep pace with 2050 net zero targets. This large-scale deployment of very low/zero marginal cost...

  • Press Releases

    Forecasts show 46 GW increase of renewables technology capacity required by 2030

    Forecasts from Cornwall Insight’s ‘Benchmark power curve’ suggests that up to ~46GW of new build renewable technology  ̶ ~11GW onshore wind, ~10GW solar and ~25GW offshore wind  ̶  may need to be developed by 2030 to keep pace with 2050 net zero targets. This large-scale deployment of very low/zero marginal...

  • Media Mentions

    Energy Manager Magazine | Why it pays to look back when looking to the future of the energy sector

    In a new report – The Future Report 2020 – we gathered the views of industry experts, including author of the original report, Professor Sam Fankhauser, Arjan Geveke from BEIS and Robert Buckley from Cornwall Insight to debate the technologies, investment and policy needed to reach net zero, and the role business...

  • Media Mentions

    Energy Global | Hydrogen key for meeting net zero

    National Grid’s Future Energy Scenarios (FES), published 27 July, showed hydrogen for heating, transport and clean dispatchable thermal energy playing a pivotal role in three out of the four of its net zero scenarios; Steady progression, Consumer Transformation, System Transformation and Leading the Way. The total energy input needed for...

  • Media Mentions

    S&P Global | Power sector faces sweeping policies in Europe’s biggest markets

    Daniel Atzori our Research Partner discussed how UK energy policy will be shaped by the new government and his expectations for the achievement of the U.K.'s net-zero target by 2050 with S&P Global's journalist Camilla Naschert. According to Daniel the Conservative manifesto included significant measures for energy efficiency, often overlooked...