Richard Druce

Education

MPhil in economics, St. Catherine's College, Cambridge
BSc in economics and econometrics, University of Bristol

Experience

Richard Druce is a Director in NERA's Global Energy, Environment, Communications and Infrastructure Practice. He specializes in regulatory issues in the utilities and infrastructure industries, as well as valuation and due diligence, competition policy, litigation, and public policy.

Much of his work involves supporting regulated utilities and other infrastructure companies in the course of price control reviews, during which he works on incentive design, cost-benefit analysis, valuation and willingness-to-pay studies, cost assessment and benchmarking, and regulatory finance issues.

Mr. Druce also works on a range of electricity and gas market design and network charging issues. He has worked extensively on electricity transmission and distribution charging issues, gas infrastructure access pricing, electricity market modeling exercises, and market reform engagements related to the economic challenges associated with climate change and “smart grid” deployment.

He has served as an expert witness in proceedings before the English High Court, as well as during an appeal to the UK Competition and Markets Authority. His work has spanned a wide range of geographies, including the UK, Ireland, countries across Western, Central, and Eastern Europe, Turkey, the Middle East, Africa, and Asia. 

Mr. Druce holds an MPhil degree in economics from St. Catharine's College, Cambridge, where he specialized in microeconometrics and industrial organization. He also holds a first class degree in economics and econometrics from the University of Bristol.