Jorge Sanz

Associate Director


Tel: +34 912 126 440
Fax: +34 91 521 78 76

Email: jorge.sanz@nera.com
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MSc in econometrics & mathematical economics, London School of Economics
MA in economics, Centro de Estudios Monetarios y Financieros
BA in economics, Universidad Complutense de Madrid


Mr. Sanz joined NERA's Madrid office in November 2014 as an Associate Director in the firm's Energy, Environment, Communications & Infrastructure Practice. Prior to joining NERA, he worked at the Ministerio de Economía and the Ministerio de Industria, Energía y Turismo for more than 15 years, where his work focused on the Spanish energy sector. In 2004, Mr. Sanz was appointed Director General for Política Energética y Minas, a role he held concurrently until 2009 with positions as Vice President of the Spanish Institute for Diversification and Energy Savings (IDAE) and as a member of the Governing Board of the International Energy Agency (IEA) in Paris. On behalf of the Spanish government, he was involved in negotiations over the allocation of CO2 emissions rights for electricity generation plants and hydrocarbon refineries, and participated in International Atomic Energy Agency meetings at the UN. In 2009, he was appointed Trade Commissioner at the Embassy of Spain in Los Angeles, where he was responsible for all matters related to Spain's energy sector interests across the US.

In the electricity sector, Mr. Sanz worked for the Spanish Government managing a variety of issues including:

  • Stranded costs valuation and monitoring
  • Design of regulated full-service tariffs for eligible end-consumers
  • Design of regulated access tariffs for all end-consumers
  • Design of auctions for the purchasing of financial and physical wholesale electricity contracts and the sale of Virtual Power Plants (VPPs)
  • Integration of the Spanish and Portuguese wholesale electricity markets into a single Iberian wholesale electricity market
  • Integration of renewable plants into the market
  • Remuneration of regulated activities, namely transportation and distribution
  • Remuneration of generation activities in small isolated systems (outside the Spanish mainland)
  • Auctions for interconnection capacity between both non-coupled markets (Spain and France) and coupled markets (Spain and Portugal)
  • Design of mechanisms to promote competition in the energy sector

In the natural gas sector, he has managed issues including:

  • Design of basic legislation to enhance the process of liberalization of the natural gas sector in Spain
  • Identification and removal of entry barriers for new entrants
  • Implementation of a gas release program
  • Design of regulated full-service tariffs for eligible end-consumers
  • Design of regulated access tariffs for all end-consumers
  • Design of auctions for gas procurement
  • Design of auctions for underground gas storage and release
  • Design of emergency natural gas stocks
  • Development of an incipient wholesale market that suppliers could use to cover the risk of imbalances in the natural gas system



Title Type Author
Comentarios a los errores y omisiones del post de Natalia Fabra sobre posibles medida... Published Article By Oscar Arnedillo and Jorge Sanz