LCP were commissioned by the Independent Generators Group (IGG) to quantify the value of interconnection to the GB both in terms of security of supply and to the system overall.
We have a long history of providing innovative development solutions to modelling problems in the energy sector. Our models have a reputation for accuracy, reliability, transparency and efficiency.
We have developed modelling solutions to some of the industry’s most difficult problems, which are now trusted to provide insight into major government and industry decisions.
How we can help
We combine our market insight, modelling expertise and cutting-edge technology to deliver tailored and robust solutions. We can help our clients with a wide range of issues from whole system modelling to individual power plant and policy impact analysis.
- Power market forecast models, ranging from short-term dispatch analysis to long-term market forecasting
- Internal or external modelling websites to share assumptions and modelling results with a wider audience
- Additions or extensions to internal modelling capability to allow for new markets or policy changes
- Stochastic modelling to feed into in-house risk modelling
How we have helped our clients
LCP has worked with clients such as Energy UK to analyse the impacts of different gas network charging options on the GB gas network.
How LCP specialists helped the UK government quantify the risk of power blackouts.
LCP were commissioned to support National Grid in modelling the contribution of limited duration storage plants to system security. This work was ultimately used to inform the de-ratings for different durations of storage in the capacity mechanism.
Our Bespoke modelling solutions experts
Explore our solutions
Strategic advice aimed at maximising the benefits and minimising the risks associated with the Capacity Market and Contracts for Difference.Discover more
We advise on the optimal dispatch of assets within the wholesale market, forward planning of maintenance activities and valuation of commercial upgrades to plant.Discover more
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.Discover more
We work extensively in the Irish market, providing market modelling and analysis to investors, generation owners and governments.Irish market support
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.Discover more
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.Discover more