About Us

NEWS - slEconomics turns 10 years old this May!

We want to thank our clients for their support since establishing our firm in 2004. We hope the next 10 years are as satisfying as the first and that our clients continue to prosper in their various endeavors.

Dr Stephen Labson, slEconomics Pty Ltd
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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 Sydney Australia and since our establishment in 2004 have built an international network of clients and associates allowing us to bring global experience to local initiatives.


We provide our clients world class expertise in areas of: 
  • 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
A few of our key engagements

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 ongoing refinement of the regulatory rules applied across Eskom's licensed activities of Generation, Transmission and Distribution.

Electricity Industry 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 Supply Industry.

Regulatory accounting 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 Purchase Agreements - 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.