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Energy markets differ from markets for ordinary products, and often they are applied in environments where energy was considered a public service, rather than a commercial product. In effect, energy markets need to be able to deliver both from a technical point of view, where planning and central control have a long record of reliability, and from an economic point of view, where although political or other interventions have distorted planning, prices have remained at relatively low levels for a part of final consumers.

For us, an energy market is not an end in itself, but rather an instrument to achieve clear objectives that relate to the benefit of final consumers and economies. Through our work in developing energy markets we aim to ensure that the consumer is not forgotten or sacrificed at the altar of fancy models, or of copies of markets that may have succeeded in other social and economic environments. We employ economics, but we remember that economics is about the activity of real people, and that models rely on assumptions; so we focus a lot on the background and the underlying structure. In effect, we are pragmatic and simple, rather than “original” and incomprehensible.

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Energy

PROJECTS

Energy Regulatory Office in Kosovo: Further institutional support, UNM in Kosovo

Energy Regulatory Office in Kosovo: Further institutional support, UNM in Kosovo

The overall objective of the project was to strengthen the institutional capacity of the Energy Regulatory Office (ERO) in Kosovo, on the ...

Measures for the security of natural gas supply, Cyprus

Measures for the security of natural gas supply, Cyprus

The overall objective of the project was to improve Cyprus`s compliance with EU legislation regarding securing the supply of natural gas to the ...

Establishment of an Electricity Balancing Market in Albania

Establishment of an Electricity Balancing Market in Albania

The project consists of all the technical, regulatory and legal support to develop, establish and operationalize a working Balancing Market for ...

EU- China Liaoning Integrated Environmental Programme (LIEP) - Lot E: Energy management, China

EU- China Liaoning Integrated Environmental Programme (LIEP) - Lot E: Energy management, China

The project included the provision of technical assistance to the development of appropriate instruments for the definition and the subsequent ...

Building cooling: Technologies and strategies for reducing energy and power demand, Greece

Building cooling: Technologies and strategies for reducing energy and power demand, Greece

This project study, completed in the framework of DG XVII - PERU Programme (Regional and Urban Energy Planning), aimed at examining the feasibility ...

Kaliningrad energy study, Russia

Kaliningrad energy study, Russia

This project referred to the provision of expertise assistance for the definition and assessment of energy markets and supply / transport options ...

Energy sector: Power transmission and distribution, Albania

Energy sector: Power transmission and distribution, Albania

The objective of this project was to elaborate a series of studies aiming to the reorganisation of the energy sector of Albania. The project ...

SEETEC: Southeast European Electrical system TEChnical support project, the Balkan countries

SEETEC: Southeast European Electrical system TEChnical support project, the Balkan countries

The project aimed to foster economic growth in South-eastern Europe by improving the management, delivery and rational use of electricity in the ...

Renewable energy sources (RES) acceptability for energy production in the wood industry, Romania

Renewable energy sources (RES) acceptability for energy production in the wood industry, Romania

 The objective of this project was the improvement of energy efficiency by introducing new advanced technologies in the wood industry of Romania. ...

Assistance Program for the Establishment of the Energy Regulator of the Kyrgyz Republic

Assistance Program for the Establishment of the Energy Regulator of the Kyrgyz Republic

The aim of the project is to provide assistance to World Bank on the technical assistance program for the newly established energy regulator to ...

Regulatory capacity building for renewable energy sources, Bulgaria

Regulatory capacity building for renewable energy sources, Bulgaria

The main objective of this project is to progress the development of Bulgaria's renewable energy sources (RES) market through the establishment of a ...

Evaluation and restructuring of the electricity market in Cyprus

Evaluation and restructuring of the electricity market in Cyprus

Phase A of the study comprises a detailed analysis and assessment of the current framework for the operation of the electricity market in Cyprus. ...

Convergence of Energy Policies-Phare Multi-Country Energy Programme, CEE Countries

Convergence of Energy Policies-Phare Multi-Country Energy Programme, CEE Countries

The project was part of the strategy of the EU to provide a plan for the associated Central and Eastern Europe countries (CEEC) to prepare them for ...

Regulatory Authority for Energy (RAE): Organisation and management consultancy, Greece

Regulatory Authority for Energy (RAE): Organisation and management consultancy, Greece

The overall objective of this project was to conduct a study for the reorganisation of the functions of the Greek Regulatory Authority for Energy ...

Private Sector participation in Albania's Electricity Company KESH, Albania

Private Sector participation in Albania's Electricity Company KESH, Albania

Detailed description of project The project concerned the provision of advisory services aiming at accelerating private sector participation in ...

Simulated market price methodology: Technical support, Cyprus

Simulated market price methodology: Technical support, Cyprus

The project refers to the provision of support to the Cyprus Energy Regulatory Authority (CERA) in the negotiations held with the Electricity ...

INOGATE Technical Secretariat and Integrated Programme in support of the Baku Initiative and the Eastern Partnership energy objectives, NIS Countries

INOGATE Technical Secretariat and Integrated Programme in support of the Baku Initiative and the Eastern Partnership energy objectives, NIS Countries

The overall objective of the project is to contribute to the progress of the INOGATE Partner Countries in the achievement of the Baku Initiative and ...

Harmonisation of the electricity sector with European standards on the internal energy market, Cyprus

Harmonisation of the electricity sector with European standards on the internal energy market, Cyprus

This project referred to the provision of technical assistance to the Electricity Authority of Cyprus (EAC) and the Republic of Cyprus in their ...

Supply license issue for IBERDROLA GENERACION: Support services, Greece

Supply license issue for IBERDROLA GENERACION: Support services, Greece

The project referred to the provision of support and assistance to IBERDROLA GENERACION SAU for the preparation of all legal documentation for ...

Technical Assistance to the Energy Agency of the Republic of Serbia (AERS) – Approximation of National Regulatory Authority tasks to the Third Energy Package, Serbia

Technical Assistance to the Energy Agency of the Republic of Serbia (AERS) – Approximation of National Regulatory Authority tasks to the Third Energy Package, Serbia

The overall objective of this project is to contribute to alignment of policy enforcement, monitoring and harmonisation of the Serbian legislation ...

Development of a competitive Balkan electricity market, the Balkan countries

Development of a competitive Balkan electricity market, the Balkan countries

The project was one of the most important cooperation projects in South-eastern Europe, with considerable economic and development consequences for ...

Market rules and market design in the power market, Bosnia & Herzegovina

Market rules and market design in the power market, Bosnia & Herzegovina

The project consisted part of the South-east European Electrical System Technical Support Project (SEETEC), which aimed to foster economic growth in ...

Review on the liberalisation of the electricity market in Greece: Evaluation of proposals and implications for the system operator, Greece

Review on the liberalisation of the electricity market in Greece: Evaluation of proposals and implications for the system operator, Greece

This project referred to the provision of consultancy services for the preparation of a report for DESMIE, based on a review of an English ...

Capacity adequacy and planning & scheduling for system development: Proposal assessment, Greece

Capacity adequacy and planning & scheduling for system development: Proposal assessment, Greece

The purpose of the project was to review, comment on and, if appropriate, carry out further work in respect of the draft material recently published ...

Sudan Electricity Sector Diagnostic Review

Sudan Electricity Sector Diagnostic Review

The main objective of the present assignment is to perform a diagnostic review of the electricity sector of Sudan both from financial and operational ...

INOGATE: Technical secretariat and coordinator`s network, Central Asia and Caucasus countries

INOGATE: Technical secretariat and coordinator`s network, Central Asia and Caucasus countries

The overall objective of this project was to facilitate and increase trade and investment flows in the rehabilitation of existing and development of ...

Coal industry Support

Coal industry Support

The objectives of this project were to introduce: financial management systems appropriate to mining in the emerging market economy; mine ...

Assistance to the Energy Regulatory Office, UNM in Kosovo

Assistance to the Energy Regulatory Office, UNM in Kosovo

The overall objective of this project is to continue the substantial improvement to the level of institutional capacity in the Energy Regulatory ...

Support to Energy Market Integration and Sustainable Energy in the NIS (SEMISE), NIS Countries

Support to Energy Market Integration and Sustainable Energy in the NIS (SEMISE), NIS Countries

The specific objectives of the project are the following: Identifying the gaps and the obstacles impeding progress towards regional energy market ...

Market potential study for the provision of technical services, Bulgaria and Romania

Market potential study for the provision of technical services, Bulgaria and Romania

The project referred to the study of performance of market studies for Bulgaria and Romania, analysing specific areas of the power sector in each ...

Regulatory framework for the Greek electricity industry: Review, Greece

Regulatory framework for the Greek electricity industry: Review, Greece

The project aimed to review a set of proposals for amendment of the Greek Law 2773, suggested by the Greek Regulatory Authority for Energy (RAE), and, ...

Assessment of the operation of the Greek wholesale electricity market, Phases I & II, Greece

Assessment of the operation of the Greek wholesale electricity market, Phases I & II, Greece

The overall objective of this project was to assess the way in which the wholesale electricity market is operated in Greece, with a view to ...

Energy saving long-term agreements (LTAs) in industry, Romania

Energy saving long-term agreements (LTAs) in industry, Romania

This project referred to a pilot action aiming to evaluate the opportunity for the implementation of the schemes that facilitate the establishment of ...

Regulation of local gas distribution and pricing, Bulgaria

Regulation of local gas distribution and pricing, Bulgaria

This project was completed in view of natural gas introduction in the domestic sector of Bulgaria, aiming at the introduction of private investors in ...

Fuel sourcing study, Romania

Fuel sourcing study, Romania

The main objective of the study was to support the Ministry of Industry & Trade in the formulation of an integrated long term fuel policy for ...

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