Patrick Taylor is a director in CEPA’s regulatory and competition practice and has worked extensively within gas, electricity and water sectors on network regulation, wholesale and retail market design, competition issues and institutional arrangements.
As one of CEPA’s Energy Practice leads, Patrick has supported companies in preparing price control business plans, economic analysis of regulatory policies and proposals and submissions to regulatory appeal processes. He led CEPA’s support to UK Power Networks in responding to Ofgem/BEIS consultations on future regulatory strategy for a flexible and smart energy system, including pricing models and Distribution System Operation (DSO) regulation. He advised EirGrid on regulatory and market regimes to facilitate cross-border renewable projects and their associated transmission networks between Ireland and Great Britain (GB) and leads CEPA’s modelling work of Distribution Use of System (DUoS) tariffs for the GB electricity Distribution Network Operators (DNOs).
Patrick also regularly advises energy sector regulators, including Ofgem, CRU (the Irish regulator), ACER and regulatory bodies in Australia (AEMC and AER) on regulatory framework design, pricing structures, financeability and cost of capital issues. He has advised Ofgem extensively on the financing and regulation of competitively appointed electricity network owners in GB (offshore transmission owners (OFTOs)), CRU in Ireland on gas sector price control reviews and ACER on transmission tariff structure design.
Patrick has advised utilities and infrastructure developers on opportunities and regulatory and competition issues associated with entering and operating within gas and electricity markets. He has undertaken due diligence advice for prospective investors in energy assets within the UK, Europe and emerging markets and has advised stakeholders in the water sector on cost assessment, regulatory finance issues and tariff structure design.
Patrick has a Master’s degree in Economics from the University of London (SOAS) and an undergraduate degree in Economics from the University of Sheffield.
Recent News & insights
Ofgem consult on cost assessment tools & techniques
Ofgem has published a consultation on the cost assessment tools and techniques it intends to apply in setting the RIIO-2 price controls.
Understanding the distributional impacts of time-of-use tariffs on consumers’ bills
The roll-out of smart meters capable of measuring half-hourly consumption presents a number of opportunities. If introduced alongside time-of-use tariffs ...
The Utility Regulator in Northern Ireland publishes domestic consumer insight tracker findings
The Utility Regulator (UR) in Northern Ireland has published the results of its first Consumer Insight Tracker Survey.
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.
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.
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.
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.
Assessment of a regulatory framework for retail
We were asked by an economic regulator of the energy sector, to develop a framework for assessing whether their domestic retail energy market was delivering good customer outcomes.
Enabling flexibility in the GB electricity market
The advice provided to a GB electricity distribution company in relation to smart networks and flexible energy systems helped our client advance their position with the regulator and government.
Thames Tideway Tunnel & the cost of capital
In 2015, Ofwat awarded the licence for the Thames Tideway Tunnel. As part of the announcement, Ofwat stated the cost of capital that will apply during the construction period of the project (the 'bid WACC') would be 2.497%.