SERVICES AND SAMPLE EXPERIENCE
Expert Economic Analysis
REGULATION
Price controls and incentive mechanisms
Advised electricity distribution network operator on operating efficiency benchmarking under Ofgem’s RIIO approach to setting price controls
Advised State regulator in India on setting price controls to incentivise reduction of non-technical losses
Market design
Advised major UK utility in relation to the Competition and Market Authority’s investigation of the retail energy sector
Advised the UK financial services regulator on the impact of proposed regulatory changes to the structure of remuneration for platforms hosting investment funds with over £60bn assets under management
Advised Ofgem on development of market rules for promoting demand-side response in the wholesale Balancing Mechanism
Advised European utility on capacity market design issues
Regulatory accounting
Advised a gas network utility on the role and application of the Regulatory Asset Base in price control determination by a European regulator
Advised on carbon accounting
Seminars and training
Provided seminars and workshops for regulators and utilities on numerous topics recently including capacity markets, the treatment of financing costs in price controls and design of price controls
DISPUTES
Expert reports
Expert report provided in a judicial review concerning the imposition of an energy efficiency obligation on electricity and gas suppliers
Prepared several reports in a case before the UK commercial courts concerning the alleged abuse of a dominant position by an upstream gas processing company in relation to its third party processing tariffs
Acted as expert economist preparing reports estimating damages in a bi-lateral investment treaty claim by foreign investors against the Romanian government concerning investment in alcoholic drinks sector
Expert testimony
Acted as power market expert providing reports and testimony in the ICSID arbitration over alleged damages arising from nuclear power plant closures in Germany
Prepared expert report and provided testimony in a dispute under UNCITRAL rules relating to the charges in a long-term gas transit contract in Europe
Provided expert testimony on damages arising from power station technical failures in a far eastern power market
PUBLIC POLICY EVALUATION
Cost-benefit analysis
Directed the analysis undertaken by Deloitte to assess the cost and benefits of developing a money guidance service
Led work to assess the costs and benefits of possible intervention by the UK to secure manufacturing facilities in the nuclear supply chain
Economic impact
Directed Deloitte’s BBC economic impact study, which assessed the Value Add and Spillover contribution of the BBC to the UK economy
Evaluated the economic benefits of corporation tax changes for an offshore tax jurisdiction
Estimated the contribution to the UK economy from offshore wind turbine developments
Advised on oil stocking and resilience to oil import interruptions
Feasibility assessment
Advised the budget committee of the European Parliament on the potential budget contribution across member states that could be made by a range of different taxes, including VAT
Led the work on behalf of the UK regulator to assess the costs of compliance with regulations covering wholesale and retail financial services
BUSINESS ADVISORY
Market analysis
Directed a study for the Shareholder Executive assessing generic market failures in the provision of finance to SMEs
Assisted an oil major in preparation of long-term projections of energy demand in major energy consuming regions of the world under a range of new technology scenarios
Valuation
Evaluated price thresholds triggering likely market entry and exit decisions by generators in the Dutch power market
Assessed the expected long-term profitability of incremental investment in generating capacity in an Eastern European power market