Portrait of Bastian Gottschling

Bastian Gottschling : Partner

Bastian is an expert in energy economics, financial valuation and damages quantification. He provides economic dispute support in investment arbitration, commercial disputes and tax disputes.

Bastian has 15 years’ experience in economic consulting encompassing economic analysis of competitive and regulated markets, complex valuation analysis and damages assessment, expert testimony in high-stakes energy arbitrations, and economic dispute support in international tax disputes relating to transfer pricing.

Before joining Oxera in 2022, he worked at NERA, where he acted mainly as a party-appointed expert witness in energy arbitration and other commercial disputes. His expert witness experience includes the preparation of expert and rebuttal reports, oral testimony under cross-examination, and expert witness conferencing in energy arbitrations. In commercial disputes relating to long-term contracts, Bastian testified before arbitral tribunals on gas and storage markets and competition analysis, such as market definition and margin control. In the context of international tax disputes, he performed economic assessments of transfer pricing issues that had arisen at multinational companies in Germany, the UK, France and Australia.

Bastian is experienced in Mergers & Acquisitions: he acted as M&A adviser in the energy and infrastructure team of the investment bank Rothschild. He also has professional experience as an economic analyst with Ernst & Young London, where he started his career in 2004.

Bastian speaks English, and German.

Tel: +49 3076 759 9104

Bastian's specialisms include:

expert experience

  • Economic assessment of converting a coal-fired power plant to using biomass, for RWE in its investment arbitration against the Kingdom of the Netherlands (ICSID Case No. ARB/21/4) (2021)

  • Damages assessment for a claimant and two expert reports on quantum, in the context of a construction dispute in relation to a power plant (2018–20)

  • Two expert reports on quantum for a respondent, including DCF valuation of renewable energy projects and cost-based evaluation of investments made by a claimant based on documentation submitted by the claimant, in the context of an investment arbitration (2017–21)

  • Various expert reports and oral testimonies on gas and gas storage markets, including analysis of market developments, price adjustments and valuation of flexibility, in the context of several long-term contracts disputes (2014–21)

  • Valuation of a long-term gas supply contract, two expert reports, and oral testimony, for claimant in a long-term contract dispute (2014–15)


  • Geffert, W. and Gottschling, B. (2017), ‘An Economic Assessment of Contracts and Requests for Contract Reform and Damages in International Arbitration’, in Carpenter, T., Jansen, M. and Pauwelyn, J. (eds), The Use of Economics in International Trade and Investment Disputes, Cambridge University Press.

  • Gottschling, B. and Haug, T. (2017), ‘How Sustainable is the Current Momentum Towards More Competitive Gas Markets?’, C5 Asia Congress on Successfully Negotiating & Renegotiating Long Term Gas Supply Contracts, Singapore, 27 February.

  • Gottschling, B. and Haug, T. (2014), ‘e3GRID: Was machen wir mit den Ergebnissen des Effizienz-Benchmarkings?’ (‘What are we going to do with the results of the efficiency benchmarking?’), Energiewirtschaftliche Tagesfragen, 2014:1, p. 104.


  • MPhil Economics, Cambridge University, UK

  • BSc Economics, London School of Economics, UK

  • Certificate in ESG Investing, CFA Institute

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