Profile

Anton specialises in energy, corporate finance and regulation. He has worked on and managed numerous projects for private and public clients in the energy sector, including RWE, E.ON, BDEW, Amprion, TenneT and TransnetBW, National Grid, Swissgas, Verbund, APG, ESB Ireland, BNetzA, E‑Control, and the Swiss BFE. He has also worked on projects for banks and investment funds such as Ancala, Bank of America Merrill Lynch, Terra Firma, and Balfour Beatty Infrastructure Partners. Before joining Oxera in 2014, he was a consultant with a major European economics consultancy in London. Prior to consulting, Anton was a junior assistant professor at the Institute for Regulatory Economics at the Vienna University of Economics and Business. Anton is a peer reviewer for Zeitschrift für Energiewirtschaft.

Selected project experience

  • Strategy project for a German TSO on the future development of the German regulatory system (2018)
  • Assisting BDEW in a regulatory consultation on how to set the productivity factor, Xgen (the X factor in RPI - X regulation) (2016–17)
  • Ex post assessment of the effect of state aid on competition (2017)
  • Expert opinion to a German court on benchmarking techniques (2016)
  • Supporting a group of electricity generators in an article 102 electricity market abuse of dominance case in front of the European Commission (2016)
  • Advising a German network operator in a regulatory consultation on how to set the market risk premium consistently (2016)
  • Assisting a network operator in understanding its own productivity (2016)
  • Buy-side due diligence in bidding for a grid-scale battery asset in Germany (2016)
  • Buy-side due diligence in bidding for a Swiss pipeline asset (2016)
  • Buy-side due diligence in bidding for a large German gas TSO (2016)
  • Assessing the risk of interest rates rising above the allowance granted by the German regulator, based on state-of-the-art financial modelling techniques (2016)
  • Analysing the pros and cons of regulating the Transitgas pipeline in Switzerland, one of the few merchant pipelines in Europe (2016)
  • Analysing the market for gas meters in the UK, for National Grid (2015)
  • Estimating damages due to the sea cable cartel, for BritNed (2015)
  • Assessing the future development of the regulatory productivity factor, Xgen, in light of the German Energiewende, for a German TSO (2015)
  • Advising Scottish Power during its Competition and Markets Authority review (2014)
  • Cost of capital consistent with the Energiewende, for four German TSOs (2014)
  • Due diligence on a German Gas TSO for an institutional investor (2014)
  • Assessing the cost-reflectiveness of different proposals for a new TSO-charging methodology in Great Britain, for Scottish Power (2014)
  • Litigation between the Republic of Slovenia and a Croatian utility for the International Chamber of Commerce (ICC) (2013)
  • Welfare impact of interconnector ramping speed for National Grid (2013)
  • Modelling the effect of generation capacity markets for RWE Npower (2013)
  • Estimating the cost of capital of German railway infrastructure for BNetzA (2013)
  • Due diligence of electricity network assets in Finland, Sweden and Norway for a large infrastructure investor (2013)
  • Due diligence of generation assets in Ireland for an investment bank (2013)
  • Helping UK Power Networks to design a total-cost benchmarking model for the GB electricity distribution industry (2013)
  • Modelling of the Irish and UK electricity market to assess the effects of an additional interconnector for ESB Ireland (2012)
  • Estimating the cost of capital of Austrian electricity and gas networks for the Austrian regulator, E-Control (2012)
  • A study on the relationship between diversifiable and non-diversifiable risk and returns for National Grid (2012)
  • Helping National Grid to assess investments in the transmission network using a real options model (2012)
  • Strategic advice and positioning for planned regulatory benchmarking for a Belgian electricity network operator (2012)
  • Landmark energy competition case in Germany for RWE (2011)
  • Estimating the cost of capital of French gas and electricity, transmission and distribution networks for the Commission de régulation de l’énergie (CRE) (2011)
  • Estimating the cost of a carbon capture and storage plant in Spain (2011)
  • Holding a workshop on power plant investment appraisal models for Alpiq (2011)
  • Due diligence on a German gas transport pipeline (2011)
  • Econometric analysis on the value drivers of a gas power plant for EnBW (2011)
  • Energy regulation and electricity market design for the Curaçau regulator (2011)
  • Estimating the cost of capital of the NorGer undersea interconnector (2010)
  • Workshop on international best practice and recent scientific developments in benchmarking and efficiency measurement methods for E-Control (2010)
  • Advice and coaching on international best practice in efficiency benchmarking and incentive regulation for the Swiss Federal Office of Energy (2010)
  • Advice on the effect of a windfall tax on nuclear fuels following the extension of run times of nuclear power plants in Germany (2010)
  • Landmark energy merger case in Germany and the Netherlands for RWE (2009)

Publications

  • Burger, A. (2015), ‘Kleine Zahl, große Wirkung: Die Bestimmung des Produktivitätsfaktors Xgen mit Blick auf die Energiewende’, Energiewirtschaftliche Tagesfragen, October, pp. 53–5.
  • Burger, A., Buehler, A. and Ferstl, R. (2010), ‘The Investment Effects of Price Caps under Imperfect Competition: A Note’, Economics Letters106:2, pp. 92–4.

Qualifications

  • PhD Economics, Vienna University of Economics and Business
  • Master Economics and Operations Research, Vienna University of Economics and Business