To support our clients with the challenging questions they face, we combine our technical and sector expertise and often build sophisticated bespoke tools to help assess their options.
Our models help distil multifaceted economics, finance and policy issues into insights that support practical advice. Even at their most complex, our focus on model transparency gives us the ability to explain any result, no matter how counterintuitive. CEPA is a signatory to FAST Standard, consistent with our view that a clear structured approach to modelling improves value-for-money and reduces risk.
Our modelling expertise spans a range of applications, each tailored specifically to the client’s needs and the task at hand. We regularly develop or review and critique financial models, gas and electricity market models, and scenario-based economic models such as those used for cost-benefit analysis.
Transferring knowledge to clients is important for the success of our work and our team is experienced in providing user manuals and model user training. We also take quality assurance seriously, embedding a risk-based, end-to-end approach throughout the model lifecycle. We have provided clients training on model assurance and offer independent model review on request. Perhaps most importantly, we assist our clients with the selection of the modelling tools that are most appropriate for their needs.
Modelling News & insights
CEPA’s expansion continues across its offices
Increasing demand for CEPA's support and advice drives a growth in consulting team numbers.
Capacity Auction Monitoring for Capacity Market in Ireland and Northern Ireland
Since 2017, we have been the Capacity Auction Monitor (“Monitor”) for the Capacity Remuneration Mechanism (CRM) for the Integrated Single Electricity Market (I-SEM).
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.
Modelling ROI on reproductive, maternal, newborn, child & adolescent health & nutrition interventions
CEPA conducted a modelling of the Global Financing Facility’s return on investment for Reproductive, Maternal, Newborn, Child and Adolescent Health and Nutrition (RMNCAH-N) interventions.
Estimating the value of lost load for electricity in Europe
We were asked by the Agency for the Co-operation of Energy Regulators (ACER) to conduct a study on the estimation of the value of lost load (VoLL) for electricity supply in Europe.
Publication of an issues paper on public transport fare in Sydney
The Independent Pricing and Regulatory Tribunal (IPART) has published an issues paper as part of a major review of public transport fares in Sydney and surrounding areas.
Reducing the environmental impact of freight in the UK
The National Infrastructure Commission (NIC) published their final report "Better Delivery: the challenge for freight" on 17 April 2019.
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.
Airport capacity strategy
CEPA’s contribution to this study on delivering the future airport capacity requirements in Ireland for the Irish Department of Transport, Tourism and Sport set out the decisions Ireland has to make, and the timing, to come to a good decision on the future capacity requirements of Dublin Airport.
Assessing the impact of equal transmission charging treatment with gas storage
Our analysis demonstrated that applying equal charging treatment at Bacton IP as for GB storage would further the interests of GB consumers through lower gas prices.
Econometric benchmarking for Ofwat
CEPA was commissioned by Ofwat to develop a suite of econometric models focusing on different parts of the value chain in order to determine the efficient level of costs allowed for companies under each of the binding price control settlements for PR19.
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.
Alternative approaches for setting the cost of debt
CEPA were commissioned by two UK economic regulators to look at alternative approaches that could be used in regulatory determinations for the cost of debt allowance.
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...
Merger support in the water sector
CEPA supported Ofwat in the CMA inquiry into the merger of South West Water and Bournemouth Water.
Review of financial models for Postcomm
Postcomm asked CEPA to review two of its financial models, to improve their robustness and confidence in their results. One of the models was to be published, making it particularly important that the model was well-designed and reliable.