LCP has won the contract to continue providing the Department for Business, Energy & Industrial Strategy (BEIS) with support and modelling developments for its primary power market forecasting tool – the Dynamic Dispatch Model (DDM).
Chris Matson, Partner at LCP said ‘It’s great to continue providing BEIS with support and future modelling developments to the DDM. As the power market gets more complex and other sectors start to decarbonise through electrification, it’s essential that the power market can be modelled comprehensively in a fully integrated manner, taking account of policy changes, individual participants’ behaviour and changing system requirements.’
