Market Reform and Auction Design

Market Analysis has been involved in a number of projects concerned with utility industry reform and restructuring around the world. We advised the New South Wales Treasury and the Industry Commission of Australia on alternative market structures for generation in the Australian National Electricity Market. We have also contributed to World Bank-sponsored projects concerned with the reform of the electricity industries in Kenya, Bolivia and Iran.

We advised British Energy on the redesign of the UK electricity market in 2001 and the electricity company Cemig on the design of power contract auctions in Brazil in 2004. We have also worked on Channel 3 licence auctions for ITV plc; on the design and implementation of Hutchison 3G's successful auction for national roaming services in 2006; on Ofcom's proposed combinatorial clock-proxy auction for the 3G expansion band; and advised H3G Sweden on auction design and bidding strategy during the Swedish auction for the 2.6GHz band in May 2008 . Most recently Market Analysis was commissioned by the Colombian Commission for the Regulation of Energy and Gas (CREG) to provide a detailed analysis of the performance of auctions for Firm Energy Obligations held in May and June 2008, and to make recommendations for the improvement of future auctions.