How LCP specialists supported Ofgem in the review of complex transmission charging arrangements models.
Model review is a necessary and important part of analysis. We help avoid the risks that complex and opaque models can pose, providing decision-makers with the confidence they need in modelling results and minimising model risk.
Our team combines in-depth understanding of the policy and regulatory environment, with extensive modelling experience.
How we can help
Our expertise allows us to quickly identify the areas of highest risk in a model and recommend solutions to improve its robustness.
We can help:
- Review model implementations, from excel spreadsheets to coded applications
- Provide an assessment of modelling methodologies, including independent identification of key assumptions and simplifications
- Benchmark modelling assumptions and inputs against our internal view and third-party sources
- Verify modelling results either through independent replication or benchmarking against results produced using a comparable model
How we have helped our clients
Our independent reviews experts
Explore our solutions
Developing bespoke modelling solutions to supplement in-house analysis to suit the client’s needs.Discover more
Strategic advice aimed at maximising the benefits and minimising the risks associated with the Capacity Market and Contracts for Difference.Discover more
Insight into how the changing policy environment can impact businesses and evidence-based recommendations to address policy uncertainties.Discover more
From projections for individual power plants to assessing market scenarios for wholesale prices, security of supply and emission analysis.Discover more