The natural evolution of energy and water markets requires sophisticated structural and functional arrangements to cater with the increasing complexity of the relationships between supply and demand. The design of these markets will determine the technical, economic and financial efficiency of the supply-demand balance, and impact stakeholders and consumers across the sector.

MRC experts have extensive experience in leading restructuring processes in the power, gas, and water sectors, helping governments and regulators to shape the such markets in developing and mature countries worldwide. Our team began by shaping the energy restructuring & reform in Latin America in the 1990s. Today our restructuring work encompasses stages from early market opening in Africa and Asia, up to the most delicate refinements in competitive market systems and platforms in OECD countries.

Our market restructuring work entails the detailed analysis of economic and regulatory frameworks. As such, we cover the review and design of the energy sector policy, primary and secondary legislation, economic cost benefit analyses, definition of efficient tariff schemes, revenue requirements, incentive based regulation, among others.

In particular our services in this field include:

• Restructuring and markets design

• Policy, regulatory and institutional frameworks

• Tariff and subsidy regimes

• Disputes and litigation services

• PPAs, FSAs and other commercial instruments.

• Cross border trading arrangements & Market Integration

• Market Modelling & Projections

• Capacity building & stakeholder engagement

Sustainable development has a central role the design of energy policies worldwide. Moreover, both the scarcity of fossil fuel resources and their environmental impacts have triggered a significant increase in the public interest to utilize renewable energy sources and energy efficiency initiatives.

MRC provides strategic advice to private sector clients, banks and utilities on how best to adapt to state of the art sustainable policies and take full advantage of opportunities in the new energy markets. We have worked extensively in the design of measures needed to integrate the specific commercial and technical features of renewable energy sources such as cost structure, intermittency, unpredictability, and changes in the way the traditional thermal/hydro-based system needs to be operated and designed.

Our work in economics and regulation of clean energy includes: definition of policy and regulatory scheme for renewable energy and energy efficiency; tailor-made implementation plans suited to achieve clean policy targets at all levels; institutional requirements to ensure the streamlined implementation of the policy, as well as technical, economic, financial and social analysis of this technologies.

Services worth highlighting within this area:

• Renewable Energy (RES), Energy Efficiency (EE) & Climate Change policies and regulation

• Promotion of sustainable decentralized generation

• RES and carbon economics and pricing

• Development of relevant secondary legislation

• Design and implementation of lending programs supporting RES and EE

• Contribution of RES and Mini-Grids to increasing electricity access.

Since most energy markets function in some form of a competitive environment, it is of the utmost importance to factor in all the aspects which will impact the successful implementation and performance of any energy project. The multidisciplinary skills, knowledge and experience of the MRC experts enable our team to provide our clients with optimal solutions attending to technical, economic and financial criteria.

Our services in this area include advice on techno-economic planning and operation of electricity and gas assets and markets. We have not only collaborated with public and private companies, but also governments, regulators and other agents in the definition of their strategies.

We have broad experience in assessing financial and technical performance of companies within the power sector (generation, transmission and distribution) and propose measures to enhance the profitability of their activities. In the case of developing countries most often this process leads to Private Sector Participation (PSP) solutions.

Our services include:

• Supply and distribution systems expansion and long term planning

• Optimization of capital expenditures, operational processes and business restructuring

• Performance improvement in production, distribution and retail segments

• Systems simulations & Demand forecasting

• Billing & Settlement Systems

• PPP and PSP Frameworks

• Pre-design and conceptual designs

• Technical cost estimation

• Technical system validation

• Project management

• Third Party Consultancy

• Maintenance management

• Risk management

• Support to the Investors

• Support to the Manufacturers and System Integrators

• Support to EPCs