As the year draws to an end, we want to wish all of our clients, associates and friends a joyous festive season and a successful start to 2023.

2022 was an exciting year for ECA. We were delighted to go back to a normal working mode meeting clients, holding workshops and engaging with stakeholders face to face where possible.

We have continued growing our economic regulation services by providing important (and at times intensive) support to several regulators through their electricity and gas price controls. Our investment planning team has further improved the suite of electricity market and system models we have developed through our least cost generation, integrated resource planning and net zero investment strategy engagements. We have also seen great interest from clients in electricity market design questions and in particular pricing and regulation approaches for flexible supply assets to support the energy transition.

We have been excited to add a few new pins to ECA’s global experience map (including the beautiful island nations of Iceland, the Seychelles and Vanuatu), complementing the continuation and deepening of our engagements and relationships in markets we know well, such as Greece, Indonesia and Kenya.

All this means that our team continues to grow steadily and that our ‘ECA weeks’ in summer and winter get ever busier.

2023 is unlikely to be a ‘calm and steady’ one. Global energy market upheavals will continue raising major regulatory and policy questions on security of supply, affordability and decarbonisation.

We very much look forward continuing to support our clients and working with our friends and associates in finding answers to these questions and delivering innovative, practical and robust solutions to the exciting challenges facing the sector.

From all of us at ECA, happy festive season and a very happy new year.