Expertise

Foreign resident capital gains tax changes: A new tax wedge in regulated infrastructure weighted average cost of capital

Proposed Commonwealth capital gains tax changes would place a new 30% tax on nominal capital gains for foreign corporate shareholders in regulated utilities that primarily engage in fixed infrastructure investment.

Financial adviser for offshore transmission owner evaluations

CEPA was appointed, as part of a consortium of financial advisory firms led by Smith Square Partners, as financial adviser to Ofgem on the competitive tender process to select the offshore transmission owner for TR7-TR13 tender rounds.

CEPA named as one of the UK’s top 5 economics consulting firms in 2026

Based on feedback from clients, consultants and other sector participants, Consultancy UK has placed CEPA in the top, diamond level ranking of economics consultancy providers in the UK.

Ofgem announces record number of qualified OFTO bidders

Ofgem has pre-qualified five bidders for Offshore Transmission Owner (OFTO) Tender Round 13 (TR13). These bidders will compete for three assets worth a combined £3.5bn.

CEPA Australia seeks to fill three key roles

CEPA is seeking senior candidates with the networks, expertise and drive to expand our existing Australian practice into new services, clients and geographies: Partner - Head of CEPA Australia; Director or Managing Consultant; and Senior Consultant or Consultant.

The hidden health crisis: How fossil fuels threaten human health

Giulia Gasparri, a CEPA Consultant with significant global health and climate change sector expertise, has today delivered a session at the fifth edition of the Global Community Health Annual Workshop organized by the UNESCO Chair Global Health & Education.

Financial economics / regulatory finance: Consultant, Senior or Managing Consultant

We are seeking an exceptional individual to join us in London, to support CEPA's work in financial economics / regulatory finance. We are interested in candidates applying for roles between our Consultant and Managing Consultant grades.

Report on risk and return published as part of CMA redetermination

CEPA, in continuing to support Ofwat as Delivery Partner on the PR24 water sector price controls throughout the Competition and Markets Authority redetermination, has published evidence on the cost of capital.

Immunisation: a critical pillar of climate adaptation

Gavi, the Vaccine Alliance has published a technical paper, developed with support from CEPA, which makes the case for the integration of immunisation as an effective anticipatory measure into climate adaptation strategies.

CEPA immersive work experience

We were delighted to welcome three Economics A-Level students for a two-day immersive course at CEPA. We introduced the students to the world of economic consultancy and shared insights into some of our key sectors - energy, water and global health.

Estimating the asset beta for BT Group

CEPA has been commissioned by Ofcom, the UK's regulator for communications services, to provide an independent view of relevant betas and other weighted average cost of capital parameters in support of the Telecoms Access Review 2026.

Analysis of the deterioration in A&E performance across the NHS in England

CEPA's statistical analysis of A&E performance data across NHS trusts considers the influence of NHS-wide factors, the significance of regional variation and the extent of differentials across individual trusts.

The capacity market debate: What is the underlying market failure?

Utilities Policy, a leading peer-reviewed journal for the utilities community, has published a paper co-authored by CEPA Senior Advisor, Darryl Biggar.

Setting the cap and floor for long duration electricity storage

The UK’s Department for Energy Security and Net Zero published a joint government and Ofgem technical decision document, which confirms details of the long duration electricity storage cap and floor scheme and how it will operate.

The National Payments Vision: What are its chances of success?

Payment ecosystems have evolved significantly in recent years – but the UK is no longer the leader it once was. Hence the new National Payments Vision (NPV) outlined by Rachel Reeves in her Mansion House speech in late November. We examine the drivers behind the NPV and its chances of success.

Report on cost of capital for Heathrow H8 price review

CEPA, on behalf of the International Air Transport Association, publishes review of Civil Aviation Authority view on the cost of capital for the H8 price control.