Portrait of Peter Hope, CFA

Peter Hope, CFA : Partner

Peter leads the Regulatory Finance practice at Oxera. He is an expert in financial economics and helps clients tackle strategic challenges in regulation and competition policy.

Peter has extensive experience in advising companies, regulators, and investors on cost of capital and profitability analysis. He has directed projects on regulatory price controls and competition investigations in the electricity, gas, water, telecoms, postal services, airports, air traffic control, and rail sectors.

He has provided expert testimony on cost of capital in front of the UK Competition and Markets Authority (CMA) and is listed in the Who’s Who Legal guide to leading economic and financial experts in the energy sector.

Peter has over 15 years’ experience of training clients in the economics of regulation, including chairing the Oxera Utility Finance course for many years. He continues to teach regularly on the Utility Finance and Utility Regulation courses.

Peter is also a member of the European Corporate Governance Institute (ECGI) Blog advisory board.

Peter speaks English.

Tel: +44 (0) 20 7776 6621

Peter's specialisms include:

Selected
professional experience

  • Advising National Air Traffic Services on the post-COVID-19 cost of capital (2021–)

  • Advising investors on transactions in the energy and water sectors (2021–)

  • Led a wide-ranging revision to the cost of capital methodology applied by the Italian regulator (ARERA) for energy networks (2021)

  • Expert witness for Scottish Hydroelectric Transmission and Wales & West Utilities (gas distribution) for their regulatory finance grounds of appeal to the UK CMA (2021)

  • Innovative analysis for Netze BW on the risk-free rate, convenience yield, and equity risk premium to use in German energy network regulation (2021)

  • Developed analysis of the post-COVID-19 cost of capital for Spanish airports on behalf of AENA (2021)

Selected
publications

  • Ippolito, F., Hope, P. and Van Dijk, R. (2022), ‘Institutional Protection Schemes in the Banking Union’, European Parliament briefing paper.

  • Haynes, J., Hope, P. and Talbot, H. (2021), ‘NPL resolution after COVID-19: main differences to previous crises’, European Parliament briefing paper.

  • Bandle, N., Burger, A., Deuchert, E., Gabel, M., Hope, P. and Woolley, F. (2020), ‘Warum die Marktrisikoprämie bei der Bestimmung der regulatorischen Eigenkapitalzinsen deutlich erhöht werden muss’, Energiewirtschaftliche Tagesfragen, 70:12, pp. 58–61.

  • Meaney, A. and Hope, P. (2012), ‘Alternative Ways of Financing Infrastructure Investment: Potential for “Novel” Financing Models’, International Transport Forum discussion paper 2012–07.

  • Correia da Silva, L. and Hope, P. (2011), ‘Profitability Analysis in the Context of the Pay TV Market Inquiry’, Competition Law Journal, 10:4, pp. 328–23.

Qualifications

  • MPhil Economics, University of Oxford, UK.

  • MA (Oxon) Politics, Philosophy and Economics, University of Oxford, UK.

  • Peter Hope is a CFA® charterholder.