Embedded systems are becoming increasingly common in everyday life and like their general-purpose counterparts, they have shifted towards shared memory multicore architectures. However, they are much more resource-constrained, and as they often run on batteries, energy efficiency becomes critically important. In such systems, achieving high concurrency is a key demand for delivering satisfactory performance at low energy cost. In order to achieve this high concurrency, consistency across the shared memory hierarchy must be accomplished in a cost-effective manner in terms of performance, energy, and implementation complexity. In this paper, we propose EMBEDDED-SPEC, a hardware solution for supporting transparent lock speculation, without the requirement for special supporting instructions. Using this approach, we evaluate the energy consumption and performance of a suite of benchmarks, exploring a range of contention management and retry policies. We conclude that for resource-constrained platforms, lock speculation can provide real benefits in terms of improved concurrency and energy efficiency, as long as the underlying hardware support is carefully configured.