NEWS - slEconomics opens a new office in Melbourne!
To better assist our clients in Victoria we have recently opened a new office in Melbourne which will operate in parallel with our Sydney office. We look forward to the enhanced level of service this will allow us to provide in Victoria and New South Wales.
Dr Stephen Labson, slEconomics Pty Ltd
slEconomics Pty Ltd is a boutique economics consulting firm providing specialised advice to governments, regulators and corporate clients dealing with issues unique to utilities and infrastructure sectors. We are based in Australia with offices in Sydney and Melbourne, and since our establishment in 2004 have built an international network of clients, associates and alliance partners allowing us to provide a global perspective to local initiatives.
We provide our clients world class expertise in areas of:
A few of our key engagements
- Industry and regulatory reform
- Regulatory strategy
- Pricing and tariffs - methodology and design
- Funding public infrastructure
- Concession and long terms supply arrangements
- Regulatory rate of return
- Asset valuation principles
- Cost allocation frameworks and applications
Regulatory adviser for integrated
utilities - Assisting
Eskom (SOC) Holdings Limited since 2004 on the full range of regulatory issues
facing a large integrated power company including multi-year price
determinations, special requests for tariff increases, and development of the regulatory rules applied across Eskom's licensed activities of
Generation, Transmission and Distribution.
liberalisation in Asia – Providing recommendations to the Thai Government on liberalization of
the electricity supply industry within the context of ASEAN Economic Community
regional integration of markets and trade. Key components of this project have
included the review of regulatory frameworks currently used in setting tariffs
in Thailand, modifications needed to better allow for third party access to the
electricity system, and recommending on regulatory approaches suitable for
setting unbundled tariffs across the primary sectors of the Thai Electricity
and asset valuation
- Assisting South Australian Water Corporation in development of a new
regulatory regime to apply to tariff setting focusing on the approach to
setting the Initial Regulatory Asset Value and methodology for calculation of
the annual revenue allowance.
Concessions and Power
- Lead commercial adviser on South Africa's Pilot National Cogeneration Programme,
assisting in the overall design of the commercial framework and detailed
provisions of the power purchase agreement and supporting documents, including
pricing and incentive mechanisms, risk transfer, and key supply obligations.
This work provided a template for the subsequent roll-out of South Africa's
more recent Renewable Energy Independent Power Purchase Program.
Regulatory strategy for
the Executive and Board – Since 2008 we have provided regulatory advice to Airports Company
South Africa (ACSA), assisting in the development of ACSA's regulatory strategy
for the Executive Committee and Board; advising on funding models for infrastructure
development; regulatory and legislative reforms in support of long term
sustainability of the industry; and drafting technical submissions as part of
the Company’s periodic tariff applications.
Reporting standards for
tariff regulated industries – Working with the South African Institute of Chartered
Accountants (SAICA) in drafting a review of rate regulation in South Africa.
The review was submitted to the International Accounting Standards Board (IASB)
in preparation for their Discussion Paper on reporting standards for rate
regulated entities. The sectors covered
in our review of South African rate regulation included gas and petroleum
pipelines, storage and loading facilities; electricity generation, transmission
and distribution activities; ports; and airports.
Third party access and charges
in rail – Lead regulatory
adviser to the Victorian Essential Services Commission in development of the
pricing methodology to be applied in setting charges for third party access to
the Victorian intra-state rail network. In this role we assisted in the design
of the cost of service model and allocation of those charges to rail users.