Ofgem commissioned LCP to provide modelling support in their analysis of modifications CMP264/265 relating to so-called ‘embedded benefits’.
Energy businesses face a constantly evolving policy and regulatory environment. Regulatory and policy changes can be an opportunity for businesses but also pose some risks.
Our insights are built on expertise gained over years of interaction with policymakers, regulators and industry on key energy policy issues.
How can we help
Our insights are built on expertise gained over years of interaction with policymakers, regulators, and industry on key energy policy issues. Our EnVision modelling framework has been used by BEIS, Ofgem and National Grid to support GB policy analysis for the past seven years.
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.
We can help you to:
- Quantify the effect of policy and regulation on your business
- Assess the wider market response to policy and regulatory changes
- Compare investment returns from different schemes
- Assess the impact of policy changes on overall system and consumer costs, utilising a modelling framework consistent to that used to support policy decisions.
How we have helped our clients
We provided Ofgem with modelling support as part of their Targeted Charging Review (TCR) into residual network charging arrangements.
How LCP specialists advised government on the case for policy intervention in the Gas CHP market.
How LCP advisers helped DECC to identify technologies which can provide greatest benefits to the wide energy system.
Our Policy impact studies experts
Explore our solutions
We can help our clients with a wide range of issues from whole system modelling to individual power plant and policy impact analysis.Discover more
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
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