Sean Gammons

Managing Director


Tel: +44 20 7659 8564
Fax: +44 20 7659 8565

Tel: +49 30 700 1506 01

Email: sean.gammons@nera.com
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MSc in economics, University College, London
Diplôme d’Ingénieur, Ecole nationale supérieure du pétrole et des moteurs (ENSPM), Paris
BA (Hons.), Oxford University


Mr. Gammons is the head of NERA’s London Energy Practice and specializes in the gas and power sectors. He has more than 20 years of experience advising energy companies and regulators on the design and operation of gas and electricity markets. His experience includes regulatory work on market rules, tariff design, and antitrust enforcement (such as merger approval and state aid), as well as commercial work on contract design, pricing, investment appraisal, and risk management. Mr. Gammons has led a large number of due diligence and valuation exercises in support of M&A transactions, greenfield investment, and financings in the UK, Europe, Middle East, North Africa, and Asia, covering deregulated, regulated, and hybrid (low-carbon) segments of the energy industry. Examples of his advisory assignments include:

  • Advising a European gas incumbent on reform of its gas tariffs to meet various constraints (cost recovery, competition, and antitrust undertakings);
  • Advising RWE Npower and the Competition and Markets Authority on the reform of electricity transmission charges in the UK; and
  • Advising a European gas pipeline company on the development of a backhaul tariff based on market principles.

Mr. Gammons is also an experienced expert witness who has provided expert testimony in cases covering contractual disputes (construction, sale and purchase, M&A, and broker disputes, among others), antitrust matters, and energy industry regulation in a wide range of jurisdictions around the world, including the International Centre for Settlement of Investment Disputes (ICSID), the International Chamber of Commerce, and the English High Court. Examples of his expert work include:

  • Damages estimation for non-delivery of gas and/or electricity under long-term contracts, and related expropriation claims;
  • Economic analysis in relation to price re-opener and loyalty clauses in long-term contracts for gas, gas storage, and gas transport, including change of circumstances, market definition, and price re-sets;
  • Market definition and abuse of dominance review in relation to long-term contracts for gas storage and gas transport;
  • Liquefied natural gas (LNG) terminal and gas pipeline construction contract disputes; and
  • Assessing indemnification losses in relation to an SPA for the sale of a portfolio of wind farms

Mr. Gammons is recommended as a leading energy expert by Who’s Who Legal (2019), where he is praised for his “great analytical skills” and his “very good command of the legal aspects of the case.”



Title Type Author
A RAB Model for New Nuclear Power Plants: The Economics of Investment Incentives Published Article By Sean Gammons, George Anstey, and Richard Druce
Why PFI Holds No Lessons for Utility Regulation White Paper By Sean Gammons, Richard Druce, and James Grayburn
Helm’s Wishful Thinking on Energy Policy: Repeating Past Mistakes, Expecting Differen... White Paper Sean Gammons, George Anstey, and Richard Druce
An Honest Broker: Are Non-Domestic Energy Customers Getting a Fair Deal? White Paper By Sean Gammons, George Anstey, and Stephen Buryk
Decarbonising Interconnected Power Markets: Should Germany Join France in Implementin... White Paper By Sean Gammons, Daniel Radov, and Dominik Hübler
Getting Ready for Competition in Japan: Lessons Learned from Abroad Published Article By Sean Gammons, Willis Geffert, et al.
Modelling the Impact of Zonal Transmission Loss Multipliers Report Sean Gammons and Richard Druce
Paying Peanuts: Will the British Capacity Market Deliver Security of Supply? Report By Sean Gammons and George Anstey
The UK Energy Market Investigation: A Desperate Search for Evidence of a Lack of Comp... Published Article Sean Gammons and George Anstey
Tantalus and Other Myths of the British Energy Market Brief By Sean Gammons and George Anstey