Portrait of Francis Woolley

Francis Woolley : Consultant

Francis specialises in the areas of regulatory finance, commercial disputes and financial services. He focuses on cost of capital estimation, profitability analysis and financial modelling.

His work includes financial and microeconomic analysis in the context of pan-European and international cases, such as cost of capital determinations, valuation and quantification of damages within the financial, energy and digital sectors. He has drafted expert testimony in disputes for judicial and arbitral review.

Francis speaks English, and German.

Tel: +44 (0) 20 7776 6675

Francis' specialisms include:

professional experience

  • RIIO-2 cost of equity advice to the Energy Networks Association (2020–)

  • Advice for UK water and energy networks on cost of equity issues in the context of the PR19 (2020–)

  • Advising a major German energy network operator on setting the regulatory cost of equity for the upcoming fourth regulatory period (2020–)

  • Strategic advice for a Dutch online platform regarding market definition and profitability in the context of an excessive pricing investigation (2020–)

  • Advising the European Commission on its Renewed Sustainable Finance Strategy (2020–)

  • Financial and strategic advice to ComReg on the financing of universal service obligations in the Irish telecoms sector (2018–)


  • 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.


  • MSc Finance and Economics, Warwick Business School, UK

  • BCom Finance and Economics, University of Melbourne, Australia

Latest Insights:  Francis Woolley

The Economics of Climate Change at COP26

Oxera will be presenting on The Economics of Climate Change at COP26—the 2021 United Nations Climate Change Conference—in Glasgow, on one of the world leaders’ days on 2 November 2021. The aim of COP26 is to increase global alignment on climate action. We will be demonstrating to the world’s governments,… Read More

Image depicting The Economics of Climate Change at COP26