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Dr. Fabrizio Hernández

Managing Director

Contact

Madrid
Tel: +34 91 521 00 20
Fax: +34 91 521 78 76

Milan
Tel: +39 02 30577800

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. Fabrizio Hernández specializes in regulation and pricing in network industries, particularly in energy markets. He has provided advice on regulatory and valuation issues to companies, regulatory bodies, and the investment community. He assists clients with public policy design, regulation of network industries, financial valuation, due diligence support, and commodity pricing, particularly in the natural gas, LNG, and electricity industries.

Dr. Hernández has 25 years of experience in the application of economics to regulatory and commercial issues, often in the context of legal disputes. He has advised clients in more than 50 legal disputes, mainly in relation to the economic consequences of long-term contract clauses for infrastructure, LNG pricing, risk assessment, and financial valuation. He has testified as an expert witness more than 30 times before both national courts and international arbitration tribunals, including ICC, LCIA, UNCITRAL, and ad-hoc arbitration. He is listed in Who’s Who Legal’s 2020 Consulting Experts Directory for the Quantum of Damages.

In 2011, Dr. Hernández left NERA when he was appointed to Spain's Ministry of Industry, Tourism and Trade as Secretary of State for Energy, in which he 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. Dr. Hernández rejoined NERA in 2012 and has since leveraged his government experience to help his clients with the design and implementation of regulatory reforms, the assessment and valuation of commodity markets, investments in network industries and renewable energy sources, and the design of energy policies.

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