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Cornwall insight
Battery
Ireland to See Major Battery Storage Boom to 2030
The Single Electricity Market (SEM) in Ireland is set to see a battery energy storage system (BESS) boom into 2030, with short-to-medium duration capacity forec…
Renewable Energy
Cornwall Insight Identifies Risks to SEM Renewables Targets
The slow growth of onshore wind across the Single Electricity Market (SEM) in Ireland could see 2030 renewable energy targets missed by three years according to…
Renewable Energy
Ireland, NI Set to Miss 2030 Renewables Targets
Ireland and Northern Ireland’s ambitious goals of generating 80% of their electricity from renewable sources by the end of this decade, will be delayed un…
Electricity Transmission
Delayed Closure of Eraring Forecast to Cut NSW Power Prices by 40%
New power price forecasts suggest pushing back the closure date of Eraring power station from 2025 to 2027 will cut NSW power prices by 44%, dropping from a pre…
Electricity Trade
Irish Power Prices Expected to Drop as Gas Storage Levels Remain High
New forecasts from Cornwall Insight’s SEM Benchmark Power Price Curve indicate power prices are set to fall in 2024-25. Power prices are expected to drop …
Hydrogen Production
Hydrogen Uncertainty Could Delay Uptake of Low-Carbon Heating
Without clear evidence on hydrogen's role in home heating, the development of other low-carbon alternatives could be delayed, according to a new report from…
Oil & Gas Trade
Power Prices Drop in Ireland as EU Increases Gas Reserves
Cornwall Insight have reduced their short-term power market price forecast for Ireland, with predictions for 2024 dropping by over 18%. This could bring welcome…
Electric Vehicles
Drastic Dip In Ireland's EV Charge-Point Expansion
Ireland's year-on-year growth in publicly accessible charge-points for Battery electric vehicles (BEVs) has seen a substantial drop in Q323, falling by 111 …
Electricity Trade
Irish Power Prices to Rise in 2024 While Renewables Goals Hang in the Balance
A new report forecasting power prices out to 2030, has shown a jump in short-term prices. The data from Cornwall Insight’s All-Island Power Market Outlook…
Electric Vehicles
Ireland's EV Surge Outpaces Most of Europe
New analysis has revealed that Battery Electric Vehicle (BEV) growth in Ireland over the past year has surged ahead of most major European countries.The data, a…
Electrification
Off-peak electricity use and home generation could save billions in energy costs
New analysis from Cornwall Insight and Smart Energy GB has revealed the substantial cost-saving potential of household flexible electricity initiatives such as …
Renewable Energy
Uncertain Outlook for Energy Bills as New Cap Announcement Looms
Cornwall Insight has unveiled its latest forecasts for the Default Tariff Cap (price cap) covering the period October 2023 (Q423) to September 2024 (Q324). The …
Renewable Energy
Ireland Must Accelerate Renewables Expansion to Avoid Falling Short on Climate Targets
Analysis conducted by Cornwall Insight has unveiled that Ireland must significantly increase its renewable’s procurement efforts if it is to meet its ambi…
Power Construction
Power Prices to Remain Elevated Until Late 2030s, Report Warns
Latest long-term power forecast from Cornwall Insight warns rising power demand, increasing exports, and continued reliance on gas will mean prices are likely t…
Energy Storage Project
BESS alternatives: Cornwall Insight explores unlocking ‘crucial’ long-duration storage
Alternative electricity storage technologies explored by the report to accommodate longer storage durations include compressed air or pumped hydropower. Image: …
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