Energy

Energy markets are fundamentally changing alongside technological progress. We support you in developing the regulatory framework in electricity, gas, hydrogen and district heating markets and help to optimally cope with evolving regulations.  

Market design. Development of a viable market design, assessment of the need of unbundling/separation, implementing Entry/Exit models, market and sector coupling.

Incentive regulation. Design and implementation of incentive regulations of monopolistic infrastructures, including determination of individual efficiencies, sectorial productivity, and appropriate cost of capital (WACC).

Pricing and Strategy. Optimal pricing of energy and network tariffs, measuring consumer preferences and willingness to pay, strategy development in evolving and increasingly competitive energy markets.

Competition issues. Integrated support in competition and merger cases, such as market definition, assessment of economic effects, «as efficient competitor» test, contrafactual scenarios.

Valuations and Cost of Capital. We conduct DCF valuations and due diligences, and calculate risk-adjusted costs of capital for companies, technologies, and projects.

Contact

Urs Trinkner

Dr. Urs Trinkner

Urs Trinkner is the Managing Director of Swiss Economics and Lecturer at the University of Zurich.

Romain de Luze

Romain de Luze is a Managing Economist with Swiss Economics.

Publications

Fachbeitrag zu dynamischen Netztarifen und ihrer Rolle für die Netzdienlichkeit von Erneuerbaren Energiegemeinschaften im europäischen Ländervergleich.

Swiss Economics wurde vom Bundesamt für Energie (BFE) beauftragt, die bisherige Methodik zur Bestimmung des Peergroup-Betas der Erneuerbaren zu prüfen und ihm mit Blick auf die WACC-Festsetzung 2026 Alternativen aufzuzeigen.

Power lines at sunrise

Soll der Übertragungsnetzbetreiber Transelectrica in die Peergruppe Netz aufgenommen werden?

Die Volkswirtschaft, 3.12.2025

Lines of codes floating

SwissPowerShift, 28 octobre 2025

Studie für das Bundesamt für Energie (BFE)

Gutachten im Auftrag vom Bundesamt für Energie

Power transmission lines in the fog

Panel Presentation Energieforschungsgespräche Disentis 2025

Le Temps, 31 December 2024

Solarpanels

Energiewirtschaftliche Tagesfragen 12/2024, Seiten 57-63

To what extent does the right to charge constitute an effective measure for promoting the expansion of private charging infrastructure, and what additional support measures could be envisaged?

Report on behalf of Bundesnetzagentur

Power lines at sunrise

Is there a need for adjustment in the methodology for determining the WACC (Weighted Average Cost of Capital) for Swiss grid operators? How should the WACC for renewables be set?

Die Volkswirtschaft, Februar 2024

Photovoltaic panels

Study for the State Secretariat for Economic Affairs (SECO)

Study for the Swiss Federal Office of Energy (SFOE)

Power transmission line from below

Expert report commissioned by the Federal Network Agency (Bundesnetzagentur).

Background study for the AWEL of the canton of Zurich

Reservoir with lots of blue water in the mountain area

Study on behalf of Swiss Federal Office of Energy (SFOE)

Gutachten im Auftrag der Bundesnetzagentur

Solarpanels

Gutachten im Auftrag der Bundesnetzagentur

What measures against high energy prices have been introduced at EU level? Which of these would be suitable for Switzerland?

Single wind turbine with flowers

How is the grid connection assessment currently carried out by distribution system operators (DSOs)? Is there a need for harmonization?

Chocolate euro

Regulatory Impact Assessment for the Federal Office of Public Health (BAG) and the State Secretariat for Economic Affairs (SECO)

Hydropower plant

Regulatory impact assessment for the Swiss Federal Office of Energy

Power transmission lines

Should the methodology for determining the WACC of Swiss electricity distribution and transmission system operators be amended in the light of historically low interest rates?

Connected dots

Baseline study on universal services and public service provision for the Liechtestein Think Tank "Zukunft.li"

Aircraft starting

Report on behalf of Autorité de régulation des transports

Airport, Aircraft

Report on behalf of Autorité de régulation des transports

Blizzards on the airfield

Expert report on behalf of Bundesnetzagentur

Hydropower plant

Study on the significance of climate change for infrastructures in Switzerland commissioned by the Federal Department of the Environment, Transport, Energy and Communications (UVEK)

Die Volkswirtschaft, 10/2019, S. 62-64.

Die Volkswirtschaft, 6/2019, S. 4-7.

Aircraft in the air

Report for the Commission for Aviation Regulation

Power lines at sunrise

Report on behalf of Bundesnetzagentur

Power transmission line from below

Umweltschutz der Wirtschaft, issue 4/18-19, p. 33-34

Moss with power lines

Expert report on behalf of the Austrian Economic Chamber (WKÖ)

Man and excavator

Report for Bundesnetzagentur

Gas pipeline

Report for Bundesamt für Energie (BFE) and Verband der Schweizerischen Gasindustrie (VSG)

Hydropower plant

Study for Bundesamt für Energie (BFE)

Blizzards on the airfield

Study for Bundesamt für Energie (BFE)

Logistics

Study for CEER (Council of European Energy Regulators)

Calculator

Expert report for the Austrian Economic Chamber (WKÖ)

Power admission lines in fog

Study for Dachverband Schweizer Verteilnetzbetreiber (DSV)

Solarpanels

Die Volkswirtschaft 1/2-2015, pp. 58-61

Power transmission lines

Study for Bundesamt für Energie (BFE)

Power transmission lines in the fog

Study for Bundesnetzagentur