ENERGY
Providing expert evidence
We help clients with…
Profit from sector transformation caused by disruptive technologies and regulatory changes.
Renewable Energy Arbitrations Against the Kingdom of Spain
Castalia undertook case studies of international experience to determine if the market reform that the Kingdom of Spain had commenced breached investors’ legitimate expectations about protection of their returns. When the electricity sector was in crisis in 2012, Spain pursued wide-ranging reforms. Solar PV IPPs claimed that these reforms breached bilateral investment treaties. Read more
Standard Chartered Bank (HK) Ltd. v. United Republic of Tanzania ICSID Case No. ARB/10/12
Castalia provided expert testimony to demonstrate that IPTL, an independent power provider, had overcharged the Tanzania Electric Supply Company (TANESCO). Read more
Alleged Anti-Competitive Conduct in Electricity Transmission and Distribution
Castalia gave expert testimony before the High Court to show that the operator of New Zealand’s national transmission grid was not behaving in an anti-competitive manner. A generation company alleged that Transpower, operator of the national transmission grid, was being anti-competitive by refusing their request to set charges for a small distributed power plant as though it was connected directly to the transmission grid. Read more
Mobil Exploration and Development Inc. Suc. Argentina and Mobil Argentina S.A. v. Argentine Republic, ICSID Case No. ARB/04/16
We valued the damage that the Republic of Argentina had caused to a subsidiary of ExxonMobil by changing rules and regulations governing the gas market following the devaluation crisis of 2002. The International Centre for Settlement of Investment Disputes (ICSID) needed independent expert guidance on how best to quantify damages caused by rule changes in a complex market, when evidence submitted by the two parties’ experts was widely divergent in methodology and quantum estimate. 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
Identifying competition problems in energy markets, using econometric and market models we assess if markets are being manipulated, whether mergers ... 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
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
