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Dennis Colenutt
Dennis Colenutt is Managing Director of Wight Economics Limited and specialises in energy sector economics generally, and
the power sector in particular. Over many years, his
work has focussed primarily on two areas (i) the development of market structures that promote the development of competition
and facilitation of private sector participation in these industries; and (ii) the institutions and mechanisms that are necessary
for the development of effective regulatory arrangements.
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Click here to view Dennis' full CV
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Dennis’ clients have included utilities and their investment
banking advisers, governments, and regulators. His work in the UK has included advising one of the major
generators in the run up to privatisation, advising British distribution companies in connection with price regulation, and
advice in connection with the restructuring of the gas sector. He has also worked extensively overseas
on energy transactions and advisory projects. This has included wide-ranging work on energy liberalisation
and regulation in many countries in the EU, Central, Eastern, and South Eastern Europe,
Russia, the Middle East, China, South and South East Asia, including Singapore, and Latin America.
Recent major projects have included a study for the UK’s Sustainable Development
Commission on the costs of nuclear power generation. Recent overseas assignments include major projects
modelling and forecasting the Russian and Singaporean power sectors, advising potential buyers of generation assets, and the
design of commercial arrangements for a major power inter-connector project linking Gulf states. Other
major overseas assignments include detailed work on implementation of power-sector competition in Greece, Croatia, Cyprus
and Slovakia to meet the IME Directive of the European Union, work on tariffs and regulatory procedures in Slovakia, Vietnam,
and Kosovo, engagement as an independent expert to review tariffs in Belize, and advice to the major Russian power utility,
RAO-UESR, on tariff and market modelling issues.
Dennis holds a First Class Degree in
Economics from the University of Sheffield, and a M.Sc. (Econ) degree from the University of Wales. Up
to 2006 Dennis was a Director of NERA Economic Consulting in London, and prior to that had worked for
many years as an Economic Adviser in the British Department of Trade and Industry.
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Hamish Fraser
Hamish Fraser is an Associate Consultant with Wight Economics Limited and specializes in detailed electricity market design, implementation of electricity markets, electricity
market analysis, and software and modelling development in the electricity industry.
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Click here to view Hamish's full CV
Click here to view Hamish's full CV
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Hamish has been
providing advice to participants in the electricity industry for almost twenty years. During this time
he has advised regulators, Ministries of Energy, system operators, market operators, market monitoring units, power companies,
and other electricity industry organizations regarding restructured electricity markets in more than thirty countries and
in approximately twenty states of the US. He has led or participated in the design and implementation of
detailed market rules and electricity market policy in a number of countries/ markets including PJM, New York & New England
in the US, Singapore, New Zealand, Russia, Greece, Spain, Ireland, Mexico, Slovakia and throughout the Persian Gulf. He has
worked in the development of Market Monitoring Units, and in the development of IT solutions in the electricity industry.
Hamish has also led many assignments dealing with electricity market due diligence, regulatory strategy,
and valuation, and has provided market and regulatory strategy advice to numerous utilities in the electricity industry.
Hamish was also the principle contributor to a leading book on the subject of implementing
electricity markets, written over a period of two years.
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