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Dr. Fabrizio Hernández

Senior 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

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
Damages in the Middle East and Africa 2022: Trends from Recent Cases and Some Challen... Published Article Dr. Fabrizio Hernández, Timothy McKenna, and Ralph Meghames
Understanding Modern Valuation Methods and the Value of Managerial Flexibility White Paper Dr. Fabrizio Hernández, Ralph Meghames et al.
Global Arbitration in the Energy Sector Published Article Julie M. Carey, Dr. Fabrizio Hernandez and Dr. Richard Hern
Damages in the Middle East and Africa 2021: Trends from Recent Cases and Some Challen... Published Article Dr. Fabrizio Hernández, Timothy McKenna, and Ralph Meghames
Existencias mínimas de seguridad y diversificación de los aprovisionamientos (Minimum... Published Article Dr. Fabrizio Hernández, et al.
La regulación de las infraestructuras energéticas (Regulation of Energy Infrastructur... Published Article Dr. Fabrizio Hernández
Tarifa de Último Recurso (The Tariff of Last Resort) Published Article Dr. Fabrizio Hernández, et al.
Directrices de buenas prácticas para el acceso a los almacenamientos de gas natural e... Published Article Dr. Fabrizio Hernández, et al.
Las Iniciativas de Gas Regionales (Gas Regional Initiatives) Published Article Dr. Fabrizio Hernández, et al.
Third Party Access to LNG terminals Report Dr. Fabrizio Hernández, et al.