Energy
market forecasting and scenarios
Energy
Electricity markets around the world are fundamentally transforming. The push to decarbonise the network has led to the introduction of low-carbon support mechanisms, capacity markets, and an increase in the range and importance of ancillary service markets.
Conventional generation sources are increasingly complemented by intermittent renewables, demand side response and storage technologies.
As a result, electricity market modelling must adapt accordingly. LCP’s energy market forecasting has been continually enhanced to reflect these developments.
Net zero without breaking the bank
Thought leadership
In this report commissioned by SSE, we assess the most efficient ways to decarbonise whilst keeping costs down and the lights on. Explore the full report and our interactive website that allows you to take a deep dive into the analysis.
Explore hereHow we can help
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.
We can provide forecasts for:
- Wholesale market prices – baseload, off-peak, peak, wind-captured
- Balancing mechanism forecasts – bid and offer prices, volumes and revenues for individual assets
- Ancillary services markets
- Capacity market auction outcomes
- CfD auction outcomes
- Network and balancing system charges –TNUoS, DUoS, BSUoS
- Generation and capacity mix
- Carbon intensity
- System and consumer costs
- Individual asset operations and revenues
Our modelling is continually developed and calibrated to incorporate the latest market developments. We typically provide our forecasts under a set of market scenarios, to help understand the range of likely outcomes. We can also tailor the forecast to allow for any in-house views.
How we have helped our clients
Our Energy market forecasting and scenarios 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.
Strategic advice aimed at maximising the benefits and minimising the risks associated with the Capacity Market and Contracts for Difference.
We advise on the optimal dispatch of assets within the wholesale market, forward planning of maintenance activities and valuation of commercial upgrades to plant.
We are experts in the demand side of the energy market, with a focus on how the energy transition impacts our clients.
Enact is an advanced data integration and analytics platform for the GB electricity short-term markets, allowing power traders to make more informed decisions and analysts to benchmark their asset's performance.
We work extensively in the Irish market, providing market modelling and analysis to investors, generation owners and governments.
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 help our clients identify technological and data led solutions to solve the issues they face. From risk modelling for pension clients to providing insight to the energy market, we use the latest cutting-edge technology to help clients make better and more informed business decisions.
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.