Portrait of Lucas Sosa

Lucas Sosa Analyst

Lucas is a member of Oxera’s Finance and Valuation team. He specialises in regulatory finance, price control design and commercial disputes.

On regulation, Lucas has experience working across a variety of industries, including energy, water and transport. He advises clients on regulatory strategy, cost of capital and valuation.

In commercial litigation and international arbitration cases, Lucas has performed analysis for damages quantification and assisted with the preparation of expert reports across a range of industries.

Prior to joining Oxera in 2024, Lucas completed his Master’s degree in Finance at the London School of Economics and Political Science, specialising in corporate finance and valuation. Prior to this, he gained a Bachelor’s degree in Economics from the University of Warwick.

Lucas speaks English, and Portuguese.

Tel: +44 (0) 79 7776 1808

Lucas' specialisms include:

Selected
professional experience

  • Advised GB energy networks on developing RIIO-3 business plans, including aspects such as cost of equity, cost of debt, financeability and investability (2024–)

  • Advised GB water and wastewater networks on PR24 cost of equity and investability (2024–26)

  • Provided strategic advice and cost of capital estimation to regulated water companies in their appeal of the PR24 final determinations to the Competition and Markets Authority (2025–26)

  • Advised Heathrow during the H8 consultation (2026–)

  • Quantified the damages suffered by investors as a result of fraud committed by a multinational bank based in Scandinavia (2024–)

  • Quantified the damages in an ICSID arbitration in relation to the losses suffered by a cement manufacturing company due to the alleged actions of an African state (2024–)

Qualifications

  • MSc Finance, London School of Economics and Political Science, UK

  • BSc Economics, University of Warwick, UK

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