Veronica Irastorza

Associate Director


San Francisco
Tel: +1 415 291 1016
Fax: +1 415 291 1020

Mexico City
Tel: +52 (55) 59993110

Email: veronica.irastorza@nera.com
vCard: Download


Master of public policy, University of California, Berkeley
Bachelor of economics, Universidad Iberoamericana, Mexico
Diploma in political analysis, Universidad Iberoamericana, Mexico


Ms. Irastorza is an Associate Director at NERA. Until December 2012 she was Undersecretary of Energy Planning and Transition in Mexico, where she was in charge of the renewable energy and energy efficiency policies as well as long-term planning. Her planning work included developing the National Energy Strategy and producing the Energy Outlooks. Her work resulted in the publication of the mandated methodology to include externalities on the national utility's planning and dispatch processes.

In the area of energy efficiency, she led the design and implementation of the large-scale efficient lighting program, replacing more than 45 million inefficient incandescent bulbs (IBs) with more efficient compact fluorescent lamps (CFLs), and worked on the development of corporate average fuel efficiency standards for Mexico. She also led the research and development policy through the management of sectorial funds, with a budget of 400 million dollars.    

Ms. Irastorza was Deputy Director of Planning for Pemex Gas, were she was responsible of the planning and regulatory issues for Mexico`s national gas company. Before joining Pemex, Ms. Irastorza was Director General of Energy Planning at the Secretary of Energy in Mexico. She was responsible for the first National Energy Strategy with a 15-year outlook. She also coordinated the energy outlooks (oil, natural gas, LPG, oil products, and electricity).

Before moving to Mexico, Ms. Irastorza was a consultant at NERA, focusing on regulatory issues in the electricity, gas, and water sectors. She has extensive experience in electricity and gas tariffs, market design, pricing, and retail access and provided analysis for NERA electricity sector projects in California, Canada, Mexico, New England, and Ireland. Her water sector experience includes water valuation for the state of California and the development of a tariff adjustment factor to be applied under a concession contract in Honduras. Ms. Irastorza also evaluated damages for environmental projects in the US.

Prior to joining NERA, Ms. Irastorza served as an advisor to the Energy Secretary in Mexico, where she was involved in several projects pertaining to the privatization of natural gas transportation, investment incentives in electricity plants, and other public policy issues. She also taught economics to undergraduates at Universidad Iberoamericana in Mexico. While attending the University of California at Berkeley, she worked for the California Public Utilities Commission, analyzing transmission investment incentives for the restructured electricity industry.

Ms. Irastorza received the Public Service Award 2012 from the Goldman School of Public Policy at UC Berkeley.

During 2013, she was a Visiting Scholar at the Center for Environmental Public Policy at UC Berkeley, working on energy efficiency, renewable integration, and potential shale gas impacts in Mexico.

Title Type Author
Are Mexican Renewables Really this Cheap? Published Article By Veronica Irastorza et al.
Mexican Wholesale Electricity Market Report Report By Veronica Irastorza
Tarifas, la señal clave para el éxito de la reforma (Electricity Rates: The Key Signa... Published Article By Veronica Irastorza and Elvira Creel
Mexican Wholesale Electricity Market Report Report By Veronica Irastorza, Elvira Creel, et al.
Mexican Energy Reform in the Power Sector: A Work in Progress Published Article By Michael S. Hindus and John B. McNeece III, Pillsbury Winthrop Shaw Pittman LLP; Veronica Irastorza, NERA Economic Consulting
Investment Opportunities Stemming from the Mexican Energy Reform Working Paper By Veronica Irastorza et al.
Assessment of AESO Transmission Cost of Service Analysis Report By Dr. Hethie Parmesano, Veronica Irastorza, et al.
Classification and Allocation Methods for Generation and Transmission in Cost-of-Serv... Study By Dr. Hethie Parmesano, Veronica Irastorza, et al.
Survey of Electric Utility Embedded Cost Methods for Generation and Transmission in N... Study By Dr. Hethie Parmesano, Veronica Irastorza, et al.
Are ITP-Run Day-Ahead Markets Needed? Published Article By Hamish Fraser and Veronica Irastorza