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 economic 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:

Selected
professional experience

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

  • Advising investors on transactions in the energy and water sectors (2021–)

  • Led a wide-ranging revision to the cost of capital methodology applied by the Italian regulator (ARERA) for energy networks (2021)

  • Expert witness for Scottish Hydroelectric Transmission and Wales & West Utilities (gas distribution) for their regulatory finance grounds of appeal to the UK CMA (2021)

  • Innovative analysis for Netze BW on the risk-free rate, convenience yield, and equity risk premium to use in German energy network regulation (2021)

  • Developed analysis of the post-COVID-19 cost of capital for Spanish airports on behalf of AENA (2021)

Selected
publications

  • 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.

Qualifications

  • MPhil Economics, University of Oxford, UK.

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

  • Peter Hope is a CFA® charterholder.


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Latest Insights:  Peter Hope

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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…
Agenda
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RIIO-ED2 Sector Specific Methodology Decision: on track to net zero?

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…
Agenda
Depiction of RIIO-2 Final Determinations: how final?
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RIIO-2 Final Determinations: how final?

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),…
Agenda
Depiction of What are the CMA’s provisional findings in the PR19 redetermination?
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What are the CMA’s provisional findings in the PR19 redetermination?

On 29 September, the Competition and Markets Authority (CMA) published its Provisional Findings in the redetermination of Ofwat’s PR19 price review for four disputing companies (Anglian Water, Bristol Water, Northumbrian…