Nick Hodges is a managing consultant, working across CEPA’s finance and regulation & competition practices. He has worked across a number of sectors in including infrastructure, energy, water, transport, telecoms and payment systems. He has extensive experience of working for clients in both public and private sectors on the review and design of regulatory frameworks, the cost of capital, incentive design, modelling and competition assessments.
Nick works in CEPA’s London office, he has however also worked from our office in Australia and has worked on a secondment basis at the New Zealand Commerce Commission. He has worked on projects across Europe, Oceania, Asia, Africa and South America.
Nick has contributed to policy development in over 30 regulatory determinations and has supported all GB regulators on regulatory finance issues. This includes supporting Ofgem in developing their price control (RIIO-2) proposals and work for both Ofwat & the Civil Aviation Authority on alternative approaches to setting the cost of debt.
Nick has provided economic analysis and recommendations on policy development in the energy sector (for interconnectors, offshore transmission (OFTOs) and competitive onshore transmission (CATOs)) and in transport (linked to the regulatory regime for Heathrow Airport). He has also managed large projects, such as the economic and technical assessment of allowed revenues in Ireland for three consecutive gas network price control.
Nick has been involved in supporting competition bodies and regulators on market assessments and analysis of vertical competition issues. This includes support to the Office of Rail and Road on their market study of ticketing equipment.
Nick holds an MSc in Public Policy from University College London (UCL) and a BSc (hons) Economics degree from the University of Bath. Nick has previously worked in economic research at HSBC Investment Bank.
Recent News & insights
Commission for Regulation of Utilities Price Control 5 consultation published
Our reports on Irish gas network revenues and incentives have been published by the Commission for Regulation of Utilities.
Competition issues in telecoms and related markets
Read our briefing note that examines issues in competition economics and law and how these affect market structure, firm behaviour, sharing agreements and mergers.
The Payment Systems Regulator (PSR) publishes its report on the card-acquiring market
Card-acquiring services enable merchants to accept card payments. We supported the PSR with its market review and have advised about a range of other payment systems policies.
Ofwat publishes further CEPA report on allocation of risk
Our latest report for Ofwat supports its early thinking on the design of the next water sector price review, PR24.
How to regulate fibre service providers
The New Zealand Commerce Commission published its emerging views on regulating the fibre service providers.
Authorised Push Payment scams
Working with the industry and the regulator to summarise responses to a draft code.
Setting of allowed revenues for the gas transmission & distribution
As part of a consortium, CEPA advised on setting allowed revenues for Gas Networks Ireland’s (GNI) TSO and DSO businesses over the PC4 price control period.
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...
Open Access funding for publication system in Switzerland
CEPA was asked by the Swiss National Science Foundation (SNSF) to recommend a funding model that would allow for a complete transition to an Open Access (OA) publication system in Switzerland by 2020-2024.