George Anstey

Managing Director


Tel: +44 20 7659 8630
Fax: +44 20 7659 8631

Tel: +32 2 282 4340
Fax: +32 2 282 4360

Email: george.anstey@nera.com
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MPhil in economics, Exeter College, Oxford
MA in EU competition law, King's College London
BA in economics and management (First Class), Exeter College, Oxford


Mr. Anstey is a Managing Director in NERA's Global Energy, Environment, Communications & Infrastructure Practice, based in London. He specializes in the economics of utility markets and regulation. His work spans public policy, litigation, valuation, due diligence, and competition policy.

His recent work has covered competition in gas and electricity supply markets, arbitration and contract reviews, damages estimation, the design of market rules for gas and electricity, and the design of energy efficiency policies. In addition to his work in energy, Mr. Anstey works across other regulated industries, including the water industry, communications and the gambling sector.

His expertise in competition policy covers restrictive agreements, abuse of a dominant position and state aid. His work across utility markets and regulation spans a wide range of geographies, including the UK and Ireland, much of Western, Central and Eastern Europe, the Far East and the Middle East and Africa.

Mr. Anstey holds an MPhil degree in economics, specializing in microeconomics and industrial organization, and a first class BA in economics and management both from Exeter College, Oxford. Mr Anstey also holds an MA in EU Competition Law from King's College London. Mr. Anstey has been widely published in economic and trade journals, including the Electricity Journal, New Power, Water Utility Management International, and Competition Policy International's Antitrust Chronicle.

Mr. Anstey is recommended as a leading energy expert by Who’s Who Legal (2019 and 2022) and described as an “esteemed economist with vast experience advising on complex competition matters in the energy sector.” Mr. Anstey is commended for “his deep understanding of utility and energy regulation.” Mr. Anstey is also recognized in Who’s Who Legal (2022-2023) as the top of his generation in the arbitration future leader series.

Title Type Author
Setting the Boundaries: Defining the Limits of Gas Market Areas White Paper George Anstey and Marco Schönborn
Energy Retail in Great Britain: Moral Hazard and the Illusion of Competition Published Article George Anstey, Soren Christian, and Matthew Newell
The Role of Economics on the Road to Autonomous Vehicles and Digital Mobility White Paper Daniel Hanson, Richard Eichmann, Richard Marsden, George Anstey, Grant Saggers, Dr. Garrett Glasgow, Dr. C-Philipp Heller, Dr. Hector Lopez, Dr. Bruno Soria, Dr. Will Taylor, and Adam Rhoten
The Role of Cost-Reflective Distribution Tariffs and Flexibility Contracts in Support... White Paper By Richard Druce, George Anstey, Dr. Laura T.W. Olive, Dr. Will Taylor, and Leen Dickx
A RAB Model for New Nuclear Power Plants: The Economics of Investment Incentives Published Article By Sean Gammons, George Anstey, and Richard Druce
Blockchains in Power Markets: Decentralized Disruption or Incremental Innovation? White Paper By George Anstey, Dr. Will Taylor, et al.
Helm’s Wishful Thinking on Energy Policy: Repeating Past Mistakes, Expecting Differen... White Paper Sean Gammons, George Anstey, and Richard Druce
When Sisyphus Gave Up: Capacity Markets and State Aid in the EU Published Article By George Anstey and Soren Christian
An Honest Broker: Are Non-Domestic Energy Customers Getting a Fair Deal? White Paper By Sean Gammons, George Anstey, and Stephen Buryk
Modelling the GB Renewable Electricity CfD Auctions – the cost of excluding onshore w... Report By Richard Marsden, Alon Carmel, George Anstey, Sam Forrest, Konrad Borkowski, Dr. Clemens Koenig, et. al.