London, 12 January 2009 - Redpoint Energy, the specialist energy consultancy, has announced that it has formalised an agreement to collaborate with Trilemma UK Ltd. The partnership brings together Redpoint’s extensive expertise in analytics, modelling and policy development with Trilemma’s industry and investment experience and will enable mutual clients in the European energy sector to benefit from the firms’ combined strengths.
The two companies have already worked extensively together over the last twelve months on projects for the UK government’s Department of Energy and Climate Change (DECC), including a review of the support mechanisms for renewable generation. The first contract secured by the newly formalised partnership is again to work with DECC on a project to refine the current renewables obligation (RO) in order to make it consistent with targets on carbon abatement. The results of the project will feed into the government’s Renewable Energy Strategy to be published in the Spring.
Dr Simon Skillings, founder and director of Trilemma says: “Redpoint Energy is well-known for its analytical horsepower, and the company has a number of very powerful propositions, including its market-leading model for the UK’s energy system which forecasts how investment in generation will evolve moving forward. It has a well-deserved reputation for taking on smart, seasoned professionals, and delivering exceptional work in the field of policy development. Trilemma’s background is more hands-on industry based experience, Redpoint are therefore the ideal match for us. I am confident that our clients will benefit from our combined strengths.
Duncan Sinclair at Redpoint says, “All the indicators are that big changes are afoot in the UK energy market, which will have an impact both on government policy and business strategy. Decarbonisation issues, energy costs and the huge investment that these necessitate all have to be taken into account. Our relationship with Trilemma, and the complementary skills and strengths that it brings to our organisation, will enable us to help both government and regulators make better policy decisions and support businesses as they respond to these changes.“
About Redpoint Energy
Redpoint Energy is a specialist energy consultancy, advising clients on investments, strategy and regulation across Europe’s liberalised power, gas and carbon markets. Since its formation in October 2004, Redpoint’s clients have included some of Europe’s largest energy companies and financial organisations, as well as government insititutions, notably DECC, Statkraft, the Committee of Climate Change, Energy Technologies Institute, Taqa, BG Group, British Energy, BP, Citigroup, EDF Energy, E.ON UK, ESB, Eneco Energie, GE, and Ofgem.
The firm specialises in market analytics, investment analytics, risk strategies, energy policy and regulation, and has provided advice and analysis on areas including electricity trading arrangements, generation asset investment, risk measurement, retail pricing strategies and carbon market price formation.