Ben has extensive expertise in the energy sector and has also worked on economic regulation in the transport and health sectors. He has managed projects wordwide involving network charging, the regulation of storage, wholesale market arrangements, reliability of supply, metering and billing.
Ben Shafran is a highly experienced regulatory economist and manager. He has extensive international expertise in the energy sector and has also worked on economic regulation in the transport and health sectors.
Ben has a track record of providing innovative solutions to complex policy questions, delivering high-profile projects and communicating technical concepts clearly to a range of audiences. He developed and implemented regulatory approaches that set the benchmark for innovation and transparency, while balancing the interests of consumers and investors. His previous work highlights include:
- Ofgem’s regulatory regime (RIIO)
- the UK’s cap-and-floor regime for interconnectors
- a new approach to regulating the funding flows between the providers and purchasers of healthcare services in the UK.
Ben was previously a policy director at the Australian Energy Market Commission (AEMC) and has had key roles in major regulatory projects in a range of sectors in the UK. At the AEMC, he managed projects that covered a wide range of energy policy issues including: network charging, the regulation of storage “behind the meter”, wholesale market prudential arrangements, reliability of supply, and metering and billing.
Ben has a Master's degree in Economics from University College London (UCL) and a Bachelor's degree in Economics from the University of Leeds.
Recent News & insights
Invitation for a workshop on price signals for demand-side flexibility in the GB energy market
CEPA and the Energy Systems Catapult have been appointed to carry out a study on energy price signals. We are inviting interested parties to attend a workshop in which we will present the initial findings, and set out the opportunities to contribute to the next phase of the study.
Getting to net zero requires more policy experiments
A short note that proposes a greater role for deliberate policy experiments to help policy-makers and regulators identify the solutions that will best support decarbonisation at the lowest cost.
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.
Views invited on barriers to demand-side flexibility in the GB energy sector
CEPA and the Energy Systems Catapult have been appointed by BEIS to carry out a study on energy price signals, as part of BEIS’s Alternative Energy Markets programme.
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.
Decarbonisation & sector integration
Consumers, policy makers and private businesses are focusing on decarbonising economic activity to limit the impact of climate change and to secure an environmentally sustainable future.
Peer review of study into the ‘hurdle rates’ for different electricity generation technologies
The Department for Business, Energy & Industrial Strategy (BEIS) asked us to peer review a cost of capital update for electricity generation, storage & demand side response technologies.
Supporting the decarbonisation of Ireland’s electricity system
Reports published as part of the draft determination for Ireland’s 2021-2025 price control.
Considerations for UK regulators setting the value of debt beta
UK Regulators Network publish a CEPA report on approaches to debt beta estimation and the link between debt beta and gearing levels.
Report for the ongoing evaluation of the New Reg process published
The Australian Energy Regulator has published a second insights report that CEPA prepared for the ongoing evaluation of AusNet Services' trial of the New Reg process.
CEPA feature as a guest speaker at annual energy conference
Ben Shafran, a consultant who specialises in energy policy and regulation, will feature as a guest speaker at the 2019 UKERC Annual Conference.
Cybersecurity in the energy sector: what does it mean for network regulation?
Read our briefing note to learn more about what the key issues might be in the next RIIO price controls.
RIIO-1 price control framework and performance review
Ahead of the RIIO-2 price controls, Ofgem wanted to gather insights on the outcomes of the RIIO-1 regulatory framework. At the end of 2017, the regulator commissioned CEPA to review the RIIO price control framework applied to the first set of RIIO price controls.