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Energy
analytics

The energy industry is a complex and evolving environment facing continuous challenges and creating new opportunities.

The UK energy market is undergoing significant change. A commitment to decarbonising the market in an affordable way, while maintaining security of supply has led to fundamental shifts in how participants behave, through wholesale, capacity, balancing, ancillary and low carbon support markets. Changes in policy, regulation, technological capability and market sentiment have introduced challenges and opportunities that haven't been observed before.

How we can help

Making strategic decisions in this market has never been more complex, from short term asset optimisation to long term investment and policy decisions. We combine in-depth knowledge of the energy sector with modelling expertise developed over many years of close engagement with government and industry to help our clients make informed decisions in this dynamic environment, and provide them with an independent and unbiased point of view.

Our analysis is supported by our in-house modelling framework, which is used by both industry and policymakers. It is the primary power market forecasting tool used by BEIS to assess the impact of changes to energy policy. It is also used by National Grid to model system security and produce their annual recommendations for the capacity auction requirements, by Ofgem to assess changes to charging arrangements, and by the LCCC to set the costs to suppliers of the Contracts for Difference scheme.

We work with clients across the UK and Ireland helping them with market forecasting, revenue stacking, asset valuation, dispatch optimisation, auction bidding strategies and policy impact analysis. Our clients include generators, suppliers, investors, strategists, traders and policy analysts.

How we have helped our clients

Irish generation asset evaluation

Irish generation asset evaluation

LCP have provided modelling and analysis to support clients in evaluating a range of generation assets in Ireland under the new I-SEM market arrangements.

Wind & Solar Capacity Market deratings

Wind & Solar Capacity Market deratings

In 2018 National Grid commissioned LCP to develop an approach to calculating the incremental EFCs (equivalent firm capacities) for wind and solar plants, with a view towards setting deratings for their participation in future capacity auctions.

Wind asset modelling

Wind asset modelling

LCP has worked with a number of investors and generation owners in GB and Ireland to evaluate specific wind assets.

Our latest thinking

Our Energy analytics experts

The strength of our business lies in our people.

It goes without saying that our people are experts in our business. What makes them stand out is their commitment to becoming an expert in yours, so that we give actionable advice that can make a real difference

Meet some of our experts

Explore our solutions

Bespoke modelling solutions

We can help our clients with a wide range of issues from whole system modelling to individual power plant and policy impact analysis.

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Capacity Market and CfD advice

Strategic advice aimed at maximising the benefits and minimising the risks associated with the Capacity Market and Contracts for Difference.

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Energy market forecasting and scenarios

We provide detailed forecasts of the GB and Irish power markets, using our EnVision modelling framework. This can provide both short-term and long-term forecasts of all key system metrics, from system wide to individual assets.

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Policy impact studies

Our understanding of market dynamics and modelling experience allow us to offer evidence-based recommendations on complex policy and regulatory issues that allow fully informed decision-making.

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Commercial and operational optimisation

We advise on the optimal dispatch of assets within the wholesale market, forward planning of maintenance activities and valuation of commercial upgrades to plant.

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Transaction support and generation asset valuations

We combine bottom-up unit-level modelling with market and policy insights to quantify the value and understand the risk associated with any generation asset. 

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