CEPA specialises in applying cost-benefit analysis in unusual, tricky or challenging situations. We help our clients understand the impact of policy changes, infrastructure development or the introduction of new products or services on the wider economy, and ultimately consumer welfare. The costs and benefits may differ from the ones commonly identified, or require non-standard techniques to quantify or monetise them. We are expert users of the HM Treasury Green Book, the Transport analysis guidance (TAG) and the ENTSO-E Guideline for CBA of grid development projects in the electricity sector. However, we provide most value to you when the book or the standard quantitative tools or frameworks do not tell you the whole answer.
CEPA can apply economic multiplier techniques to estimate the potential economic impact of an intervention on jobs and gross value added (GVA). We can go further to consider the broader economic, social and distributional impacts of schemes for our clients.
Examples of our work assessing the socio-economic benefits, costs and economic impacts include:
- grants to support emissions reduction of private transport in cities;
- night flight regulations at airports;
- a gas storage project;
- a national payment system upgrade;
- infrastructure development;
- the potential distributional effect of time-of-use electricity tariffs on domestic consumers.
We also develop bespoke training courses for our clients to support them to develop their internal capacity to apply CBA and use impact assessment tools.
Cost benefit analysis & impact assessment News & insights
CEPA recognised as one of the UK’s leading management consultants
Following another year of providing high-quality advice to our clients across our core sectors, we are grateful for the positive feedback from the market, which has led to CEPA’s inclusion in the Financial Times’ independent ratings report.
Locational energy pricing in the GB power market
Working with energy networks specialists TNEI, we have produced new research for Energy Systems Catapult on the role of locational energy prices in facilitating the decarbonisation of Britain’s energy system.
Assessment of proposed electricity trading arrangements between the UK and EU
Working with international partners, we have delivered a cost benefit analysis of proposed arrangements for day-ahead trading of capacity on electricity interconnectors between GB and other markets following the UK’s departure from the EU.
Evaluation of ‘Innovation Link’ Ofgem’s innovation support programme
The Innovation Link is Ofgem’s main support programme for innovators looking to launching novel propositions. It offers regulatory guidance as well as trials and derogations, contributing to an enabling and adaptive regulatory environment to benefit consumers and support the UK’s transition to net zero.
CEPA’s Impact Assessment helps industry to determine merits of Electricity Meter Splitting
CEPA’s analysis of the impacts of proposed modification P379 has helped the industry to better understand the merits and drawbacks of introducing electricity meter splitting. Our findings led to the proposer withdrawing the modification.
Ofgem consults on amendments to Gas Transmission Charging regime
Ofgem, Great Britain's independent energy regulator, is seeking views on its 'minded to’ decision on the proposals for modification to the gas transmission charging arrangements.
CEPA in the media as Air Quality News reports
“City leaders call for £1.5bn funding to support national Clean Air Zone network”.
Increasing government spending to tackle air pollution
CEPA analysis - commissioned by UK100 - shows that increasing government spending to tackle air pollution will lead to significant wider economic benefits.
CEPA’s expansion continues across its offices
Increasing demand for CEPA's support and advice drives a growth in consulting team numbers.
Technical support to AGRA’s policy team on micro reforms
CEPA was appointed by AGRA to provide additional training and technical support provided to its Micro Reforms for African Agribusiness (MIRA) team.
Technical support to complete impact assessments of investments
CEPA, in partnership with Kantar Public East Africa, was engaged by the IFC and GAFSP to assess the impact of multiple investments in Tanzania and Senegal.
Cost-benefit analysis of new interconnectors in Ireland
Our cost-benefit analysis for the electricity interconnectors demonstrated that increasing the interconnection of Ireland to other markets is expensive but the benefits are likely to outweigh the costs.
Senior hire to meet demand from energy companies and regulators worldwide
CEPA today welcomes Gary Keane as a director to the consulting firm’s London headquarters.
Evaluating the social and economic impact of investments in wastewater
CEPA conducted a literature review of methodological approaches to evaluate economic and social impact of investments in the wastewater sector.
Estimating a shadow value of water
CEPA were appointed by the EBRD to support them in developing estimates of an economic value of water, reflecting the full social costs of water...
Financial and economic analysis of Morocco’s water leakage reduction objective
CEPA was hired by the World Bank to review Morocco's submission to the United Nations Framework Convention on Climate Change.