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Ed Smith

Ed Smith
Senior Consultant

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Phone_Icon +44 (0)20 3824 7297

orangecross edward.smith@lcp.uk.com

As part of LCP’s Energy Analytics team, I focus on designing and developing our models of the GB electricity and gas markets.

Since joining LCP, I have led the development of key industry models, including the Dynamic Dispatch Model (DDM) for BEIS. I make sure our modelling is ahead of market developments so that our analysis continues to capture the key risks and opportunities for our clients.

With the Government committing to reach Net Zero by 2050, I have been exploring technologies which could support this transition.

Working with LCP feels like being part of a bigger team.  The collaborative approach is a breath of fresh air compared with previous advisors.

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Enabling clients, from BEIS, to investors and developers through to battery optimisers and traders to understand the potential of battery storage in GB and Ireland.

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

Enabling wind asset owners and investors navigate the multitude of factors impacting when, where and how to develop their wind farm.