Tommaso Autorino is a senior consultant in CEPA’s regulation and competition practice. His key areas of expertise include economic regulation, regulatory finance, and pricing arrangements. He also supports CEPA’s transaction advisory practice with economic modelling and forecasting.
Tommaso has extensive experience in the cost assessment and efficiency benchmarking of energy networks in the UK and Australia. He supported Great Britain’s energy regulator Ofgem with the delivery of the RIIO-2 price control for gas distribution networks. He also advised the Australian Energy Market Commission (AEMC) on network access and pricing arrangements to facilitate the integration of distributed energy resources, such as batteries, electric vehicles, and solar panel installations, into the electricity system.
Tommaso advises businesses and regulators in Australia and New Zealand on key issues of regulatory finance, including revenue requirements, financeability, and cost of capital in the energy, transport, and communications sectors. His recent work in this area includes advising the Australian Energy Regulator (AER) on the approach to estimating the market risk premium. For this project, Tommaso developed an innovative analysis of Australian financial market data.
Tommaso holds a MSc in Economic and Social Sciences from Bocconi University of Milan and a bachelor’s degree in Economics from the University of Rome Tor Vergata.
Recent News & insights
Australian Energy Regulator considers the links between the risk-free rate & market risk premium
The AER asked us to advise on the approach to estimating the Market Risk Premium (MRP) for the 2022 review of the Rate of Return Instrument. Specifically, we were asked whether there is a relationship between the risk-free rate (RfR) and MRP.