Regulatory Strategy & Negotiation Support

Understanding and assessment of the regulatory framework and regulation evolution

Adaptation or design of regulatory frameworks

• Adaptation of remuneration schemes and incentive mechanisms: quantitative modelling
• Market design: wholesale and retail market design, identification and evaluation of mid- and long-term implications for players across the value chain
• Elaboration and fine-tuning of position papers / slide-packs for public decision makers
• Structuring and modelling of innovative regulatory schemes for gas, LNG, hydrogen and CO2 infrastructure

New tariff round preparation for infrastructure operators:

• ‍Preparation of negotiation strategy
• Structuration of exemption files from regulation and third-party access (DG COMP files)

Negotiation support and file structuring for renewable project developpers (focus on regualted PPA): quantitative modelling, preparation of line of arguments

Regulatory Due Diligence

Regulatory due diligence clarifies how and to what extent a business is directly or indirectly exposed to the evolutions of the regulatory framework

‍

Risk mitigation and compliance support

‍

Advanced Modeling & Valuation

Emerton assists its client in advanced modelling and valuations:

Advanced modelling

• Market modelling
• Business modelling
• Prices modelling
• Scenarios modelling

Contract valuation

• Gas Price Reviews
• Quantitative modelling of the contractual scheme and market insights
• Economic evaluation of contractual options and flexibilities

Business Valuation

Impact valuation

Damages valuation for litigation support

‍

Support In REMIT Proceedings - Regulation

As the number of inquiries related to REMIT compliance is gradually increasing on European gas & power markets, market players who are under investigation of NRAs for alleged breach of REMIT need to rely on robust quantitative analyses from the very first steps of the pre-trial phase.

Emerton provides distinctive expert support to market players who are under investigation for alleged breaches of REMIT and potential market manipulation. Such alleged manipulative behaviors may notably include capacity hoarding, layering, spoofing or marking-the-close behaviors.

Emerton’s unique approach combines in-depth market expertise and advanced data analytics

In close cooperation with international law firms, we provide technical and economical expert support through the unparallel combination of market expertise in both gas & power wholesale markets and targeted use of advanced data analytics.

Our team of experts and data scientists provide quantitative and market-based insights resulting from the processing of large data sets including market orders, transactions and use of physical assets and infrastructures. Moreover, the use of advanced pre-processing of both market and infrastructure-related data enables to factor-in the still largely physical nature of European gas & power wholesale markets.

We are intervening from the pre-trial phase till the adversarial proceedings

We provide robust and opposable results through independent, fact-based and clear technical reports and analyses from support to preventive market monitoring to formal proceedings.

‍

Regulated infrastructures strategy

Regulated infrastructures commercial adaptation

• Value analysis of regulated services on various market segments: economic analysis, customer voice
• Quantitative and qualitative benchmark of infrastructure-related services including both regulated and exempt infrastructure operators
• Co-design and adaptation of regulated services, e.g. value proposal, tariff structure, customer flexibility

Growth avenues and definition of commercial strategy