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Dr. Fabrizio Hernández

Managing Director

Contact

Madrid
Tel: +34 91 521 0020
Fax: +34 91 521 78 76

London
Tel: +44 20 7659 8500
Fax: +44 20 7659 8501

Rome
Tel: +39 06 488 8101
Fax: +39 06 48 58 38

Email: fabrizio.hernandez@nera.com
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Education

DPhil in economics, Oxford University
MA in economics and finance, Centro de Estudios Monetarios y Financieros, Madrid
BA in economics, University Complutense, Madrid

Experience

Dr. Hernández joined NERA in 1997 after obtaining his DPhil in economics from Oxford University. As a member of NERA's Global Energy, Environment, and Network Industries Practice, he has since provided advice on regulatory issues to companies, regulatory bodies, and international institutions in Europe and Asia. 

His experience spans market design, assessment of cost of service tariff regulatory models and price-cap mechanisms, cost of capital estimation, financial modelling, company valuation, demand forecasting, assessment of regulatory risks, due diligence support, evaluation of supply and infrastructure alternatives, and the design of network access tariffs for LNG terminals, as well as for the use of transportation, storage, and distribution assets.

He has testified as an expert witness in international regulatory and contract disputes, mainly in the energy and financial sectors. He has also provided expert testimony on valuation, regulatory, and commercial issues before both national courts and international arbitration tribunals, including CCI and ad-hoc arbitration. 

In 2011, he was appointed to Spain's Ministry of Industry, Tourism and Trade as Secretary of State for Energy, a role in which Dr. Hernández was broadly responsible for Spain’s energy policy. During this period, he also chaired the Institute for Energy Diversification and Saving (IDAE) and the Institute for the Restructuring of Coal Mining and Alternative Development of Mining Regions (IRMC). In addition, he also chaired the Interministerial Board responsible for the securitization on the electricity sector deficit (FADE), which during 2011 issued securities with a value of over 9 billion Euro.

Dr. Hernández rejoined NERA in 2012.

Languages

French
Italian
Spanish

Title Type Author
Existencias mínimas de seguridad y diversificación de los aprovisionamientos (Minimum... Published Article By Dr. Fabrizio Hernández with former NERA Senior Consultant Ismael Bahillo
La regulación de las infraestructuras energéticas (Regulation of Energy Infrastructur... Published Article By Dr. Fabrizio Hernández
Tarifa de Último Recurso (The Tariff of Last Resort) Published Article By Dr. Fabrizio Hernández and Ismael Bahillo
Directrices de buenas prácticas para el acceso a los almacenamientos de gas natural e... Published Article By Dr. Fabrizio Hernández with former NERA Senior Consultant Ismael Bahillo
Las Iniciativas de Gas Regionales (Gas Regional Initiatives) Published Article By Dr. Fabrizio Hernández with former NERA Senior Consultant Ismael Bahillo
Third Party Access to LNG terminals Report By Dr. Fabrizio Hernández et al.
Los Mercados Secundarios de Gas Natural en Europa (Status Report on Europe's gas trad... Published Article By Dr. Fabrizio Hernández with former NERA Senior Consultant Ismael Bahillo
Tarifas entrada-salida para el transporte de gas natural (Entry-Exit Tariffs for Natu... Published Article By Dr. Fabrizio Hernández and former NERA Senior Consultant Monica Gandolfi
Seguridad del suministro del gas desde una perspectiva económica (An Economic Perspec... Published Article By Dr. Fabrizio Hernández and former NERA Senior Consultant Monica Gandolfi
Una valoración económica de la nueva directiva europea del gas (An Economic Assessmen... Published Article By Dr. Fabrizio Hernández with former NERA Senior Consultant Ismael Bahillo