A Compelling Approach

Economics is at the heart of modern state aid policy. The European Commission relies on economic and financial analysis to make its state aid decisions, to assess restructuring plans and to support it in designing remedies. These are our core skills. As finance experts, we can value the amount of aid and risk. As competition economists, we examine market failures and identify any distortions in trade and competition due to state aid. As experts in regulatory economics, we work out the best ways to achieve stated objectives. The net result is an unparalleled ability to advise companies and governments facing state aid issues.

Our Services
  • Financial analysis on a broad range of matters relating to the market economy operator principle (MEOP) and Services of General Economic Interest (SGEI)
  • Financial analysis and competition analysis to demonstrate the compatibility of aid measures with state aid rules
  • Advice on state aid compliance, including financial analysis to assess the state aid compliance of tax arrangements
  • Support with the notification of rescue and restructuring aid measures, including assessing restructuring plans
  • Ex post evaluations of aid measures
  • State aid litigation support
The Oxera CV
  • Helped several European banks to develop their restructuring and viability plans
  • Helping the Irish Health Insurance Authority gain European Commission approval for its health insurer scheme
  • Advising on more than 20 ongoing cases for airlines/airports to establish whether aid is present
  • Advised Deutsche Bahn on compensation for public service obligations in the transport sector
  • Advised a national health insurance authority on state aid compliance of the levy and tax credit scheme for the insurance providers
  • Reviewed a market study for Royal Mail’s pensions restructuring aid
  • Assessed state aid compliance in the rail sector, for the Dutch Ministry of Infrastructure and the Environment, Dutch Ministry of Finance
  • Advised on state aid approval in energy markets for the Green Investment Bank
  • Advised a leading defence company on state aid compliance for pricing access to infrastructure
  • Undertook comprehensive review of the BBC’s fair trading guidelines, including ensuring compliance with the principles of state aid law
  • Assessed the implications for a major European electricity company of stranded-cost mechanisms in Poland and Hungary