Richard Druce

Education

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

Experience

Richard Druce is an expert in the energy and water sectors. He supports regulated utility and infrastructure companies, their legal advisors and investors, and sector regulators on the design and implementation of competitive markets and the regulation of natural monopolies. Much of Mr. Druce’s work involves supporting 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 market design and network charging issues in the electricity, gas, and water sectors. He has worked extensively on transmission and distribution tariff design and charging issues, electricity market modelling exercises, and engagements related to the economic challenges associated with renewable energy, distributed energy resources, and “smart grid” deployment. Recently, he has supported clients by developing new contractual structures to enhance competition and trade in the water sector. 

Mr. Druce has served as an expert witness in proceedings before the English High Court, as well as during appeals to the UK Competition and Markets Authority. His work has spanned a wide range of geographies, including the UK and Ireland, Continental Europe, the Middle East, Australia, and Asia.