Hesmondhalgh 086
Biography
Testimony
Publications

Dr. Hesmondhalgh has worked as a consultant in the energy sector for more than 20 years, predominantly in the electricity and gas sectors. Her expertise includes litigation and arbitration, commercial damages, competition cases, asset valuation, the design of trading arrangements, and price controls.

In recent years she has provided expert testimony for more than ten gas contract arbitrations, primarily in northwest Europe, as well as in relation to billing system problems, electricity contracting restrictions and warranty violations for a power station. Many of these projects involved detailed modeling of electricity or gas markets.

Dr. Hesmondhalgh has also worked extensively with EU energy regulators, particularly in Great Britain, on competition and regulation issues. She has been involved with many of the investigations into potential electricity market abuse undertaken by the GB regulator. In addition, she has provided advice on the redesign of trading arrangements (GB, the Netherlands, Belgium), transmission network access (GB, Greece), market monitoring, quality of supply obligations (GB, Germany, Australia), and price controls and incentives (GB, Germany, Australia).

Dr. Hesmondhalgh’s modeling skills have also been used to develop a range of tools for asset valuation including electricity dispatch modeling, power plant asset valuation, price control revenue assessments, interconnector trading arrangement impacts, and pan-European gas flows.

Representative Engagements
Article
Inactive Customers and Unilateral Market Power: The CMA’s Energy Market Investigation
July 2016
Published by The Brattle Group, Inc.
Article
Understanding the UK’s Potential for Demand Response
December 12, 2015
Published in Utility Week
Article
A Trip to RIIO in Your Future?
October 2013
Published in Public Utilities Fortnightly
Report
A Visit to RIIO in Your Future? Great Britain’s Latest Innovation in Grid Regulation
June 2013
Published by The Brattle Group, Ltd.
Report
Approaches to Setting Electric Distribution Reliability Standards and Outcomes
January 2012
Published by The Brattle Group, Inc.
Article
Easing the Transition from Oil-Indexation
August 3, 2011
Published in Petroleum Economist
Presentation
An Economic Analysis of the Remit Proposals
June 2011
Presented at The 16th European Gas Conference in Oslo, Norway
Report
BSC Modification 229: Potential interactions with options for changes to transmission charging
May 23, 2011
Prepared for Ofgem
Presentation
Resource Adequacy and Renewable Energy in Competitive Wholesale Electricity Markets
September 23, 2010
Presented at the 8th Annual British Institute of Economics Academic Conference
Report
A Review of LE/Ventyx's Cost-Benefit Analysis of Modification, P229, Lot 1 Report
September 2010
Published by The Brattle Group, Ltd
Report
A Review of LE/Ventyx's Cost-Benefit Analysis of Modification, P229, Lot 3 Additional Analysis
September 2010
Published by The Brattle Group, Ltd
Report
Alternative Trading Arrangements for Intermittent Renewable Power: A Centralised Renewables Market and Other Concepts
April 2010
Published by The Brattle Group, Ltd
Presentation
Oil Indexation & Gas Prices: Is Current Pricing For Gas Sustainable?
March 2010
Presented at the Flame 2010 Conference, Amsterdam, the Netherlands
Presentation
How Do You Value Storage in Emerging Gas Markets?
December 2009
Presented at the Sparks and Flames Conference, Rotterdam, the Netherlands
Presentation
Liquidity in wholesale electricity markets
August 2009
Presented at Ofgem Seminar, London, United Kingdom
Report
EU Climate and Energy Policy to 2030 and the Implications for Carbon Capture and Storage: A Report for ALSTOM Power Systems
March 2009
Published by The Brattle Group, Inc.
Report
Critique of the Industry Codes Governance Arrangements
June 2008
Serena Hesmondhalgh, Boaz Moselle, and Toby Brown
Prepared for Ofgem
Presentation
How Open are Europe’s Energy Markets?
April 2008
Presented at 13. IIR-Jahrestkongress für die Energiewirtschaft, Austria