Tariffs

  • Media Mentions

    Fleet News | 17 electric vehicle charging tariffs

    Our research on the number of electric vehicle (EV) tariffs featured in Fleet News. Research showed around 17 EV tariffs are available, with some of the tariffs still in testing phases and not available to all customers. On top of this number, there are 11 Time of Use (ToU) EV...

  • Press Releases

    Does the number of EV tariffs match the EV burgeoning sales?

    Figures from the Society of Motor Manufacturers and Traders Ltd (SMMT) showed that combined, Battery Electric vehicles (BEVs) and plug-in hybrids (PHEVs) accounted for 17.2% of new car sales in June, with BEVs accounting for more than one in 10 registrations. Despite the boom in electric vehicle (EV) sales, Cornwall...

  • Media Mentions

    Daily Express | Energy price rise warning

    Our predictions on the default tariff price cap rising when Ofgem next looks at it was featured in the Daily Express. Rising wholesale energy and commodity prices are set to increase the cap by at least another £100. Commenting on the prediction Craig Lowrey Senior Consultant at Cornwall Insight said...

  • Media Mentions

    Energy News Live | Power prices for SMEs climb to record levels

    Our research showing prices rising for Small and medium enterprises (SMEs) was featured in Energy News Live. Electricity prices for SMEs reached record highs in the second quarter of the year. Discussing the reasoning behind the significant price rise Molly Lloyd Senior analyst at Cornwall Insight explained the rise in...

  • Press Releases

    SME power prices reach record highs

    Small and Medium Enterprises (SME) power prices have continued to rise in Q221, reaching the highest level since our records began in Q212, according to the latest research from Cornwall Insight’s Pricing in the SME power market report. Over the past quarter, prices have increased by 5.82% to average at...

  • Media Mentions

    The Guardian | Millions of UK homes face winter energy bill hike of over £110 a year, experts say

    Price cap analysis from Cornwall Insight was showcased in The Guardian. The analysis shows that for the coming winter, the regulator is expected to lift its cap for the average dual-fuel energy bill from £1,138 a year to £1,250 a year. Discussing the reason behind the rise, Craig Lowrey said...

  • Press Releases

    More than 65% of households are now supplied by green energy companies

    According to the latest research from Cornwall Insight, households with ‘green’ suppliers – those only offering electricity tariffs backed by Renewable Energy Guarantee of Origin (REGOs) certificates – rocketed from less than 20% in 2017 to 65% 2021. This percentage would be even higher if green tariffs from suppliers that...

  • Press Releases

    The gap between cheapest energy fixed tariff and price cap narrows

    Research from Cornwall Insight’s ‘Domestic supplier insight service reveals the gap between the cheapest tariff on the market and the default tariff price cap has reduced to its lowest level since February 2019, standing at £219/year. This is 40% less than at the end of April 2020 when it was...

  • Media Mentions

    Smart Energy International | Uptake of Time of Use tariffs still low, but set to increase

    Research from our ‘Connected homes insight service’ has found both suppliers and consumers have made tentative steps to explore Time of Use tariffs. However, adoption of these tariffs is anecdotally low at the moment. Additionally, ambitious innovation and uptake have been held back by slow industry processes and understandable consumer...

  • Press Releases

    Uptake of Time of Use tariffs still low, but set to increase

    Research from Cornwall Insight's 'Connected homes insight service' has found both suppliers and consumers have made tentative steps to explore Time of Use (ToU) tariffs. However, adoption of these tariffs is anecdotally low at the moment, and ambitious innovation and uptake has been held back by slow industry processes and...

  • Media Mentions

    Daily Mail | Energy suppliers can claim ‘green’ credentials by paying just 93p a year per customer to renewable power stations

    Energy suppliers can claim to offer environmentally-friendly green tariffs by paying as little as 93p per customer per year to renewable power plants. Energy suppliers are able to claim that they are green if they generate their own renewable power; buy it from firms which do; or purchase 'renewable energy...

  • Press Releases

    Cornwall Insight comments on Ofgem’s price cap announcement

    Commenting on Ofgem’s announcement of the default price cap falling by 7% to £1,042 per year for the six months effective from 1 October 2020, Robert Buckley, Head of Relationship Development at Cornwall Insight, said: “This is a dramatic reduction and sees the price cap fall to its lowest level...

  • Press Releases

    Price cap declines but is expected to fall further still

    Commenting on today’s Ofgem announcement that the default price cap would decrease by £17 to £1,162 for the six months effective from 1 April 2020, Robert Buckley Head of Retail and Relationship Development at Cornwall Insight, said: “Due to the mild winter the UK has experienced, it will have come...

  • Press Releases

    Smart Export Guarantee tariffs Vs market values

    On 1 January 2020, the Smart Export Guarantee (SEG) came into effect. The SEG mandates that electricity suppliers with over 150,000 customers offer at least one tariff for power exported to the grid from renewable generators smaller than 5MW. Obligated suppliers are required to provide tariffs with rates above 0p/kWh...

  • Press Releases

    Middle East tensions have the potential to increase energy bills

    The risk of direct military conflict between the US and Iran following missile strikes by US forces on Iranian General Qasem Soleimani in Baghdad on 3rd January has been reflected in the oil market, given the potential disruption to supplies from the region. Such volatility is set to reverberate across...

  • Media Mentions

    Financial Times | UK energy bills to fall as regulator lowers cap

    Cornwall Insight research into the price cap was featured in the Financial Times. Ofgem announced a £75, or 6 per cent, reduction in a price cap that applies to 11m homes on so-called standard variable or default tariffs. But Cornwall Insight's forecasts predict that if the wholesale prices remained close...

  • Press Releases

    Price cap falling but set to rise in April 2020

    Today, Ofgem announced the default price cap would decrease by £75 to £1,179 per year for the six months effective from 1 October 2019. However, this is unlikely to last with Cornwall Insight’s Price Cap Predictor showing the default price cap is set to increase by at least £30 for...

  • Press Releases

    Price cap predicted to fall by at least £80/year

    The latest forecasts from Cornwall Insight’s Tariff Cap Predictor – a quarterly report modelling the future default tariff periods – predict the price cap could fall by a significant £83 per year to £1,171 – from its current level of £1,254 – when Ofgem makes its readjustment in August. This...

  • Media Mentions

    BBC News | Scotland’s north-south divide in energy costs

    Our research that shows customers in northern Scotland on pre-payment meter tariffs paying nearly £100 more a year than Scottish customers living further south featured on the BBC. Robert Buckley Head of Retail and Relationship Development explained that customers in the north of Scotland pay more because they have less...

  • Press Releases

    Energy tariff differences across Scotland

    The latest tariff data from Cornwall Insight – Pixie Energy’s parent company – reveals a considerable variation between energy tariffs in northern Scotland compared to that of southern Scotland. The graph below shows the cheapest available deals for three tariff types – fixed, standard variable (SV) and prepayment (PPM) –...

  • Press Releases

    Standard variable and fixed tariffs gap widen to highest in three years

    Last month many suppliers started to anticipate the price cap rising to £1,254/year on 1 April by increasing their standard variable tariffs (SVTs) to meet the new cap level. As a result, of this upward pressure on SVTs, the gap between default and market-based fixed tariffs increased. Research from Cornwall...