Zuzana Janeckova



Tel: +44 20 76 59 85 74
Fax: +44 20 7659 85 01

Email: zuzana.janeckova@nera.com
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MSc in finance, University of Warwick
MA in economics of international trade and European integration, a consortium of seven European universities
BA in international trade, University of Economics, Prague


Ms. Janeckova is an expert in NERA’s London office with nearly 10 years of experience working as a regulatory and financial economist. Ms. Janeckova specialises in quantum and damages assessment in the context of litigation and international arbitration as well as the economics of utility regulation.

Ms. Janeckova has acted as a consulting expert in more than a dozen investor-state and commercial disputes, including on matters before the ICSID, ICC, and PCA. Her experience includes business valuation, damages estimation following government intervention and contract breaches, lost profit assessments arising from construction delays, and disputes involving regulated infrastructure assets. She has worked on cases covering a range of industries, including energy, telecoms, oil and gas, regulated infrastructure, manufacturing, hospitality, and real estate.

In addition to disputes work, Ms. Janeckova specialises in regulatory economics, with a particular focus on financial aspects of utility regulation, including cost of capital estimation as well as financial and risk modelling. She advises clients on finance issues across all regulated utility sectors in the context of price control reviews, due diligence assignments, policy design, and regulatory appeals. A large part of Ms. Janeckova’s work focuses on UK regulated assets, where she has advised energy networks at RIIO-1 and RIIO-2, water companies at PR14 and PR19, Heathrow Airport, NATS at their latest reviews, and Ofcom in its review of BT’s charges. She has also advised investors on sales of regulated energy, water, and transport assets in the UK, France, Sweden, and the Czech Republic.



Title Type Author
The Market or Comparables Approach White Paper Dr. Richard Hern, Zuzana Janeckova, Yue (Jim) Yin, et al.
International Arbitration White Paper Series White Paper
Response to Ofwat’s Cost of Debt Consultation for PR19 Report James Grayburn, Zuzana Janeckova, et al.
Use of Inflation Indices in Water Sector Report Dr. Richard Hern, James Grayburn, Zuzana Janeckova et. al.
Changes in Hurdle Rates for Low Carbon Generation Technologies due to the Shift from ... Report Dr. Richard Hern, Dominik Hübler, Zuzana Janeckova, et al.
Title Date Type
NERA Economic Consulting Announces Senior-Level Promotions 28 July 2022 Press Release