Over recent weeks a number of domestic electricity suppliers in Ireland have announced price increases as a result of higher wholesale energy costs.
In this week’s blog, we look at these increases and examine the drivers behind them.
Related thinking
Regulation and policy
How will consumers take to Market-wide Half Hourly Settlement?
Ofgem published its decision to implement the move to Market-wide Half Hourly Settlement (MHHS) on 20 April. This confirms plans to move to new settlement arrangements over a four and a half year time period, with the Elexon-led Design Working Group’s Target Operating Model to be used as the blueprint. Meters...
Announcement
Your invite to our wholesale Summer Outlook 2021 webinar
We are delighted to invite you to our wholesale Summer Outlook webinar. On 12 May, Cornwall Insight will be hosting an open webinar covering our independent views, analysis and outlook of the upcoming summer 2021 period. As part of this session, we will explore a range of both historic and...
Regulation and policy
Calm before the storm? 2021 energy supplier compliance developments
The latest update to our Energy Supplier Compliance Portal went live on 4 May and includes changes to the compliance landscape during February to April 2021. While the previous quarter’s update reflected new principles resulting from Ofgem’s Supplier Licensing Review (SLR) and protections for prepayment meter customers facing self-disconnection, Q121...
Announcement
BBC interview | Robert Buckley discusses Ofgem’s price cap
Robert Buckley spoke to Felicity Hannah on BBC Five Live’s Wake up to Money programme ahead of Ofgem’s announcement to increase the default price cap by £96 to £1,138. Robert explained that a combination of a rise in wholesale prices and policy costs for renewable electricity, as well as the inclusion of £23.69...
Commercial and market outlook
SEM articles of the year: All I want for Christmas is RESS-2
With COVID-19 dominating our everyday lives, we saw similar trends in our most popular articles for the year. Demand shifts were observed in domestic and industrial settings with working patterns shifting from offices to homes all around the country. It was also a landmark year for the renewables industry with...
Business supply and services
Plus ça change, plus c’est la même chose: the RO late payment deadline
Today (11 November 2020) Ofgem has confirmed that there will be mutualisation of the 2019-20 Renewables Obligation. On Monday, in our 'Energy Spectrum' Perspective, we explained to customer’s why this was important and likely and what it means for the energy industry. Find out more about a free trial to Energy...
Business supply and services
Responses to COVID-19 boost energy suppliers’ reputations with customers
2020 is, unfortunately, proving to be a year that we will never forget. It has been a year of change and adaptability for us all, including domestic energy suppliers, with many suppliers having had to adapt to increasing numbers of customers in distress while operating at reduced capacity and/or with...
Low carbon generation
Analyse thy neighbour: Interconnectors and their importance to future power prices
Whilst we build towards 2021 and post-Brexit energy markets, focus has been applied to how we in GB strive towards net zero ambitions with a more independent policy agenda. However, regardless of future trading arrangements, interconnectors with EU nations will continue to play a pivotal role in driving wholesale power...
