ENERGY
Assessing competition and markets
We help clients with…
Identifying competition problems in energy markets. Using econometric and market models we assess if markets are being manipulated, whether mergers should be allowed, and where access to essential infrastructure should be mandated.
Economic Advice to Bidder on $3.25 billion Generation and Retail Privatization
Castalia helped Australia’s Origin Energy gain approval to bid for electricity retail and generation assets being privatized by the State of New South Wales. Origin already owned other power assets, so it had to show that acquiring more would not reduce competition. Read more
Review of Electricity Retail Competition in Victoria, Australia
Castalia recommended regulatory and policy measures to boost competition in electricity supply for the State of Victoria, Australia. Electricity prices were rising, and with just three companies dominating the market, there were concerns that competition might not be effectively minimizing prices. Read more
California Power Market FERC Refund Proceedings, USA
Castalia developed a counterfactual market model of fair market electricity prices in California to assess evidence of market manipulation during the California power crisis. After power marketers disputed FERC-ordered refunds to power purchasers, expert testimony was needed to identify which price spikes were a result of market manipulation. Read more
Services
Transforming energy sectors, taking advantage of disruptive technologies, increasing resilience and sustainability, and minimizing costs and fiscal risks, while enabling ... Read more
Improving utility performance, bench marking efficiency, developing turnaround plans, reforming governance, and attracting commercial finance ... Read more
Creating energy markets, drawing on our expertise with multiple power and gas markets worldwide to design resilient markets that ensure ... Read more
Creating regulatory systems, so that natural monopoly elements in the energy sector are fairly priced, incentivized to be efficient, and ... Read more
Setting tariffs and service standards, using bench marking databases and financial models to develop regulatory submissions. We also help regulators ... Read more
Creating systems to attract private investment to the energy sector through developing the rules and institutions to procure privately financed ... Read more
Monitoring and managing fiscal risks from the energy sector, by modelling hidden subsidies, contingent liabilities and future investment needs, creating ... Read more
Developing master plans and integrated resource plans, using our suite of planning and optimization models to combine transmission, generation, storage, ... Read more
Developing projects and pipelines of projects, helping clients to identify sites, meet regulatory requirements and optimize project economics. We also ... Read more
Appraising and diligencing projects and brownfield investments using market and financial models to forecast costs and revenues. We determine technical, ... Read more
Blending private and public finance into viable deal structures, combining government and multilateral grants, loans and guarantees with commercial finance ... Read more
Managing transactions, carrying sustainable energy projects through to financial close, while protecting the public interest and ensuring transparency ... Read more
Expert evidence when disputes arise, providing authoritative, independent opinions on regulatory reasonableness. ... Read more
Resource management and environmental sustinability by advising on cap-and-trade systems for emissions, carbon taxes, renewable portfolio credits and other mechanisms ... Read more
Appraising electricity sector policies using economic tools to assess whether new policies will create a net social benefit. ... Read more
Reviewing performance and learning lessons from energy sectors, using comparative case studies and counterfactual analysis to assess what works, where ... Read more
