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Tomas Haug

Managing Director

Contact

Berlin
Tel: +49 30 700 1506 10

Email: tomas.haug@nera.com
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Education

Chartered Financial Analyst (CFA)
Master in economics and management (Diplom-Kaufmann), University of Magdeburg, Germany ("Best Graduate")
MSc in economics, University of Quebec in Montreal, Canada (with honours)

Experience

Tomas Haug is a Managing Director in NERA’s Berlin office who has 15 years of consulting and testifying experience. He specialises in providing economic assessment and damages quantification in litigation and international commercial and investment treaty arbitration proceedings at venues such as ICSID, ICC, DIS, PCA, and ad hoc for both public and private entities. Mr Haug has provided testimony—predominantly in energy and commodities markets (including nuclear, gas and electricity, solar, offshore wind, and biomass)—involving the quantification of lost profits and price adjustments of long-term contracts. His testimonies have helped arbitral tribunals adjust contract terms on the basis of change of circumstance, hardship, and/or on the basis of anti-competitive behaviour.

Mr Haug further provides advisory services to private companies, investors, and regulatory authorities on a wide range of economic and financial matters, including financial and tariff modelling, access pricing, competition policy matters, tariff structure, efficiency studies, and wider questions of regulatory reform. He is a CFA charterholder and an expert on cost of capital estimation, financial modelling, and the assessment of financial risk, including the design of mechanisms to mitigate risk. Mr Haug has also acted as a due diligence advisor in several recent billion-euro network sales in Germany, Austria, France, Belgium, the Czech Republic, and the UK, as well as other countries.

 

Languages

English
French
German

Title Type Author
Decisions on the Allowed Rate of Return Must Reflect Current Market Conditions, Not S... Published Article By Tomas Haug and Lorenz Wieshammer
Selecting a Benchmarking Model Creates Need for an Error Margin, Says Dutch Court Published Article By Tomas Haug
A critical review of Germany’s proposed ROE cut for power and gas networks Regulatory Filing By Tomas Haug, Dominik Huebler, Lorenz Wieshammer, Virginia Sondergeld
Kommentierung des § 24 EEG (Förderungskürzung bei negative Preisen) im Berliner Komme... Book Tomas Haug und Dominik Hübler
NERA Further Report on Setting Discount Rates for Annual License Fees for Spectrum Regulatory Filing By Tomas Haug, Dominik Hübler, Philipp Kroeger, and Georg Arndt
European Regulators’ WACC Decisions Risk Undermining Investment Decisions Published Article By James Grayburn and Tomas Haug
Eine Ökonomische Beurteilung der Anreizregulierung (An Economic Evaluation of Germany... Book By Tomas Haug and Dominik Hübler
NERA Reports on Ofcom's Consultation on Annual Licence Fees for 900 MHz and 1800 MHz ... Report By Richard Marsden, Jonathan Falk, and Jonathan Pike; and Tomas Haug, Philipp Kröger, and Alexander Malanyuk
e3GRID: Was machen wir mit den Ergebnissen des Effizienz-Benchmarkings? (What are we ... Published Article By Tomas Haug and Bastian Gottschling
The Cost of Capital for Merchant Power Generation: The Example of Drax Brief By Tomas Haug and Dr. Richard Hern