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Cornwall Insight experts Tom Edwards (Principal Modeller) and Dr. Craig Lowrey (Principal Consultant) discuss the recent volatility in wholesale energy markets following developments in the Iran conflict
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Falling demand, shifting volumes and a market that is not following the expected path.
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Electricity transmission network spending is expected to rise nearly fourfold from ~£18bn across RIIO-ET2 (FY 2021-25) to ~£70bn across RIIO-ET3 (FY 2026-31).
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Two auction rounds, record-breaking capacity, and a completely reshuffled competitive landscape. AR7 and AR7a broke the mould for renewables auctions.
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