Sectors

What Britain’s old railways can tell us about today’s transport investment

Britain's inherited rail network helped CEPA separate transport investment driven by current economic conditions from investment driven by historical infrastructure patterns.

Spain’s competition and markets authority recommends lower cost of capital for Aena’s upcoming regulatory period

Following CEPA's advice to airlines, Spain’s competition and markets authority has recommended a reduction in Aena’s airport charges for the upcoming 2027-31 regulatory period.

Cost of capital and financial framework

CEPA provided support on financial issues on behalf of the airlines on the H8 price control that applies to Heathrow Airport. The advice focused on the cost of capital and policy mechanisms, such as traffic risk sharing, designation of the single till, inflation indexation and the treatment of volume risk.

CEPA submits cost of capital report on Heathrow H8 price control

In response to the Civil Aviation Authority’s Initial Proposals for the H8 price control for Heathrow Airport, CEPA has submitted a report on behalf of the International Air Transport Association.

CEPA named as one of the UK’s top 5 economics consulting firms in 2026

Based on feedback from clients, consultants and other sector participants, Consultancy UK has placed CEPA in the top, diamond level ranking of economics consultancy providers in the UK.

Weighted average cost of capital at Aena Airports

CEPA was engaged by airline representatives to advise on the appropriate cost of capital for AENA SA, the Spanish Airports Authority. The project involved detailed analysis to determine an independent WACC estimate, a review of AENA's proposed cost of capital and presentation to stakeholders (including the regulator, the CNMC) in Madrid on those proposals.

CEPA Australia seeks to fill three key roles

CEPA is seeking senior candidates with the networks, expertise and drive to expand our existing Australian practice into new services, clients and geographies: Partner - Head of CEPA Australia; Director or Managing Consultant; and Senior Consultant or Consultant.

Analysis of the UK Government’s official methods to assess the value of innovative life sciences manufacturing

The Association of the British Pharmaceutical Industry (ABPI) has published a detailed analysis of the application and design of the HM Treasury Green Book, which was prepared by CEPA.

CEPA retains its Platinum Rating as a top economics consulting firm in 2025

Consultancy UK, the online platform for the UK's advisory and consulting industry, has once again awarded CEPA a platinum-level ranking.

Financial economics / regulatory finance: Consultant, Senior or Managing Consultant

We are seeking an exceptional individual to join us in London, to support CEPA's work in financial economics / regulatory finance. We are interested in candidates applying for roles between our Consultant and Managing Consultant grades.

CEPA immersive work experience

We were delighted to welcome three Economics A-Level students for a two-day immersive course at CEPA. We introduced the students to the world of economic consultancy and shared insights into some of our key sectors - energy, water and global health.

Report on cost of capital for Heathrow H8 price review

CEPA, on behalf of the International Air Transport Association, publishes review of Civil Aviation Authority view on the cost of capital for the H8 price control.

CEPA continues to grow with additional consulting staff in the UK

We are delighted to welcome eight new members of the CEPA consulting team in London, with two directors, two consultants and four economists adding to CEPA’s expanding pool of people to support our clients.

CEPA co-founder knighted in the King’s 2024 Birthday Honours

We congratulate Dr Keith Palmer OBE, who has been recognised for his exceptional contribution to international development.

Women in Economics: Breaking Barriers Together

CEPA Senior Consultant Charlotte Hallam joined the panel for the Women in Economics event, along with female economists from the Bank of England, KPMG and the Fraser of Allander Institute.

Transformational impacts of transport investment

We are pleased to have helped our client understand how and why transport schemes achieve transformational impacts and how contextual factors can work with a new transport investment.

Reputation acknowledged by ranking recognition

CEPA thanks those clients, industry leaders, associates and future economists for the feedback they provided to Consultancy.uk, resulting in the firm’s high-level, 2023 ranking as one of the “Top Economics consulting firms in the UK”.

Dr Darryl Biggar appointed to bolster CEPA Australia’s practice

CEPA is pleased to announce the appointment of Dr Darryl Biggar as a senior advisor in its Australian practice.

LSE students present findings about biodiversity policy

We are pleased to have supported another cohort of students undertaking the Capstone Course at the London School of Economics (LSE). 

CEPA has again been recognised as one of the UK’s leading management consultants

We are grateful for the continued positive feedback from the market, which has led to CEPA retaining its position in the Financial Times' ratings.

CEPA recognised as one of the UK’s leading management consultants

Following another year of providing high-quality advice to our clients across our core sectors, we are grateful for the positive feedback from the market, which has led to CEPA’s inclusion in the Financial Times’ independent ratings report.

Appraising options for mitigating aviation noise

EU Regulation 598/2014 (“EU598”), requires that a “Balanced Approach” be taken to managing aviation noise, with operating restrictions only being introduced once other measures have been fully considered.

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.

How to incentivise the uptake of electric vehicles

We explore some of the questions on incentivising electric vehicle uptake and how to further consumer interest in zero carbon vehicles – a key question in recent policy discussions in the UK.

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.

CEPA in the media as Air Quality News reports

“City leaders call for £1.5bn funding to support national Clean Air Zone network”.

Civil Aviation Authority issues decision on the price control review of UK air traffic control operator

The UK Civil Aviation Authority (CAA) has issued its decision on the 2020-24 price control review (RP3) of the UK air traffic control operator NATS.

Increasing government spending to tackle air pollution

CEPA analysis - commissioned by UK100 - shows that increasing government spending to tackle air pollution will lead to significant wider economic benefits.

CEPA’s expansion continues across its offices

Increasing demand for CEPA's support and advice drives a growth in consulting team numbers.

Highways benchmarking: pavement condition

CEPA, alongside TRL, have twice been commissioned by the Office of Rail and Road to assess how pavement condition is measured.

Highways - Efficiency review for the Office of Rail and Road

CEPA commissioned to support review of Highways England’s proposed efficiencies and to perform a high-level analysis of the deliverability of the proposed enhancement programme.

Emission controls on trucks in Britain

Ivan Viehoff's briefing note about emission controls, including decarbonisation, of freight transport in Britain over the next 30 years.

Setting Highways England’s Performance Specification

CEPA has been advising the Department for Transport about how to set the performance regime which is used to monitor and assess the performance of Highways England.

Efficiency assessment for Crossrail 2

Transport for London commissioned CEPA to examine the levels of efficiency that might be delivered in designing and constructing Crossrail 2.

Efficiency incentives to apply to the economic regulation of Heathrow

The Civil Aviation Authority (CAA) has published a report by CEPA alongside its policy update and consultation on the economic regulation of capacity expansion at Heathrow Airport (CAP 1782).

Publication of an issues paper on public transport fares in Sydney

The Independent Pricing and Regulatory Tribunal (IPART) has published an issues paper as part of a major review of public transport fares in Sydney and surrounding areas.

Reducing the environmental impact of freight in the UK

The National Infrastructure Commission (NIC) published their final report "Better Delivery: the challenge for freight" on 17 April 2019.

Airport capacity strategy

CEPA’s contribution to this study on delivering the future airport capacity requirements in Ireland for the Irish Department of Transport, Tourism and Sport set out the decisions Ireland has to make - and the timing - to come to a good decision on the future capacity requirements of Dublin Airport.

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.