ECA REGIONS / EUROPE
RECENT PROJECTS INCLUDE >
RECENT PROJECTS INCLUDE >
The Irish Regulatory Authorities sought technical support in establishing the combined market (I-SEM) Market Monitoring Unit’s (MMU) Analytical Strategy. This required assistance in the delivery of the relevant MMU processes necessary to analyse and report on the I-SEM including the assessment and evaluation of the necessary inputs and outputs that will be required to fulfil this analysis and reporting. The strategy assessed the needs for reporting on market operation, assessment of potential for market abuse and processes for analysing market abuse.
ECA supported the Agency for the Cooperation of Energy Regulators (ACER) on the economic valuation of disrupted gas. The focus of our work was on recommending a suitable methodology for solidarity gas contracts in line with economic principles and EU legislation.
The Regulatory Authority for Energy (RAE) appointed ECA to provide support regarding an interim methodology for setting the allowed revenues for electricity transmission, in preparation for the privatisation of the transmission system operator (TSO) in Greece.
ECA was appointed to validate the forward-looking PLEXOS model (2019-2025) and perform a back-cast against I-SEM market outcomes. The team delivered an independent evaluation of the model, calibrate the model to reflect changes to market behaviour since the I-SEM launch in 2018, and strengthen industry trust in market-based modelling projects undertaken by the regulatory authorities.
Project to model the Dutch, Belgian and GB gas markets to assess the extent to which the gas interconnectors, IUK and BBL will have and be able to exercise market power when their current long-term contracts come to an end in 2018 and 2022 respectively.
ECA was appointed by the Electricity Authority of Cyprus (EAC) to design new tariff structures and levels for the 2014-2018 period covering the entire vertical chain of service provision (generation, transmission, system operation, distribution and supply).
ECA supported the newly established Albanian’s gas TSO, Albgaz, in developing regulatory and commercial capacity including the operationalisation of the Network Code, operationalisation of the gas tariff methodology and CAPEX planning.
ECA was contracted to advise the Consumer Council for Water on the appropriate cost of capital for the water companies in the 5-year regulatory period of Ofwat’s PR14 price review. ECA’s analysis focused on the weighted average cost of capital (WACC) and the recent financial performance of the companies.
ECA appraised the gas transmission tariff methodology in North Macedonia, especially the determination and allocation of allowed revenues. A key focus in this study was to recommend regulatory approaches to avoid excessively high transmission tariffs resulting from a heavily underutilised gas transmission network.
Following the serious impact of the interruption of gas supply via Ukraine, the Bulgarian government appointed ECA to provide policy advice on the measures the government can take to increase the country’s security of supply in the medium term. ECA analysed a wide range of measures, covering both infrastructure to policy options, and make recommendations to the government.
ECA supported the Ministry of Mining and Energy in Serbia in deciding upon its policy approach to achieving its Article 7 obligations and in the assessment of a potential EEO scheme for the country. We provided an assessment of the major policy choices to meet Article 7 objectives and provided detailed policy design advice on an EEO scheme for the country.
ECA was contracted to undertake a thorough Economic Impact Assessment of the Sinop NPP project and contribute to the four plans being formulated jointly by the project sponsors and the Government (Localisation, Technology Transfer, Human Resource Development and Social Responsibility, Public Awareness and Public Acceptability).
ECA was contracted by Manx Utilities to review charges for water, sewerage and electricity services for the Isle of Man (a self-governing British Crown dependency in the Irish Sea between Great Britain and Ireland). ECA’s work, published in the proceedings of the Isle of Man’s Parliament, involved: a review of charging principles; recommendations as to the design of charges; assessing the impact of tariff recommendations on different customers; and developing an approach to updating charges.
ECA were contracted to carry out a due diligence market study for a proposed new gas fired IPP. The study covered a review and assessment of the regulatory and market issues in electricity and gas, as well as detailed modelling and analysis of the electricity market and future electricity prices.
A consortium led by ECA was appointed as Special Tariff Adviser (STA) to develop tariffs for the water and sewerage (W&S) companies of Athens and Thessaloniki, EYDAP and EYATH, in the context of their impending privatisations.
ECA prepared a Report for the EBRD, assessing the electricity and gas regulatory and market frameworks with the aim of benchmarking them against international standards (particularly the EU), providing a clear analysis of the progress of reform and identifying gaps as well as future reform needs.
ECA assessed the electricity and Green Certificate markets in Romania in light of an investment in a solar plant in Romania. This included an assessment of the regulatory environment for generation investment with a particular focus on renewable energy sources (RES) and solar specifically.