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Mustafa Kaka


Mustafa joined CEPA with a strong analytical, policy, and quantitative background from his tenure at the Australian Energy Market Commission (AEMC). He has expertise in electricity and gas market regulation, policy development, economic analysis, and market modelling and brings significant experience from across the energy industry.

Mustafa Kaka

Mustafa Kaka is a CEPA Consultant specialising in the energy sector, bringing a robust analytical, policy, and quantitative background. He joined CEPA after working at the Australian Energy Market Commission (AEMC) from 2021 to 2024. At the AEMC, he gained extensive experience in electricity and gas economic regulation, policy development, economic analysis, market modelling and stakeholder engagement.

At the AEMC, Mustafa led developments in market modelling, using PLEXOS to develop long-term wholesale price forecasting methodologies, inform future retail energy prices and inform policies on reliability standards. He also contributed to market power mitigation measures, such as the expedited Administered Pricing Cap rule change following the June 2022 market suspension in Australia’s National Electricity Market. His regulatory and policy expertise includes leading and contributing to various electricity and gas policy rule changes and reviews, including the review to integrate hydrogen and renewable gases into the distribution grid and ensuring compliance with distributed energy resources technical standards.

Since joining CEPA, Mustafa has been advising regulators on capacity mechanisms, demand-side response issues and wholesale market design. He has also been developing market modelling capability within the organisation. Mustafa has also worked on payment system issues, informing regulators about competition and regulatory matters. His proficiency in R, Excel, PowerBI and PLEXOS supports his work.

Mustafa holds a BCom(Hons) and BEcon from Monash University, specialising in mathematical economics, econometrics and finance. His honours thesis was focused on foreign aid and foreign direct investment’s impact on health infrastructure in developing countries.