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 economics 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:

professional experience

  • Due diligence advice to a large England and Wales water and sewerage company (2022–)

  • Advice to SSE on the divestment of a stake in its electricity transmission business (2022)

  • Advice to water companies on the PR24 draft methodology (2022–)

  • Advice to Heathrow on cost of capital for the H7 control period (2022–)

  • Advice on the acquisition of a stake in Northumbrian Water (2022)

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


  • 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.


  • MPhil Economics, University of Oxford, UK.

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

  • Peter Hope is a CFA® charterholder.

Latest Insights:  Peter Hope

4 minute read
Applications of the capital asset pricing model (CAPM) in some sectors (e.g. banking, utilities and infrastructure) imply very low estimates of the cost of equity. But when does ‘very low’…
9 minute read
The Competition and Markets Authority (CMA) has published its Final Determination (FD) of the appeals in respect of Ofgem’s RIIO-GD2 and RIIO-T2 (‘RIIO-2’) price control reviews. Out of 12 grounds…
8 minute read
In December 2020, Ofgem published its Sector Specific Methodology Decision (SSMD) for the RIIO-ED2 price control covering the electricity distribution (ED) sector. In this article, we review Ofgem’s RIIO-ED2 SSMD…
11 minute read
Having published its Draft Determinations (DDs) in July 2020,1 on 8 December 2020, Ofgem published its Final Determinations (FDs) for the RIIO-2 price controls for the GB electricity transmission (ET),…

Berlin Discussion Forum

Transition from Gas Markets to Hydrogen Markets Over the summer, the transition to hydrogen has gained further momentum. The direction of travel has become clearer with the approval of the European Commission’s €2bn government funding for thyssenkrupp Steel’s “tkH2Steel” decarbonization project, the EU Delegated Acts on Renewable Hydrogen approval in… Read More

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Utility regulation and finance: Principles of economic regulation

Over the course of more than 40 years, Oxera has developed and run training courses to help companies, regulators, investors, policymakers and lawyers to develop their knowledge of economic regulation and understand the key building blocks of a price review. The decisions that economic regulators make shape the revenues that… Read More

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