Portrait of Peter Hope, CFA

Peter Hope, CFA Partner

Peter leads the Regulatory Finance practice at Oxera. He is an expert in financial economics, and helps clients tackle strategic challenges in regulation and competition policy.

Peter has extensive experience in advising companies, regulators, and investors on cost of capital, asset valuation and profitability analysis. He has directed projects on regulatory price controls and competition investigations in the electricity, gas, water, telecoms, postal services, airports, air traffic control, and rail sectors. He has provided expert testimony on cost of capital in front of the UK Competition and Markets Authority (CMA). He is a member of the CMA’s Corporate Finance Expert Panel. He is listed in the Who’s Who Legal guide to leading economics and financial experts in the energy sector.

Peter has over 15 years’ experience of training clients in the economics of regulation, including chairing the Oxera Utility Finance course for many years. He continues to teach regularly on the Utility Finance and Utility Regulation courses, as well as delivering guest lectures to MBA students at the London Business School. Peter is also a member of the European Corporate Governance Institute (ECGI) Content Advisory Board.

Peter speaks English.

Tel: +44 (0) 20 7776 6621

Peter's specialisms include:

Selected
professional experience

  • Directed a report for Heathrow Airport on the cost of capital for the H8 price control (2025)

  • Regulatory due diligence for Thames Water (2024)

  • Valuation support to an investor in Italian airports (2024)

  • Advising the UK Department for Energy Security and Net Zero on discount rates for low carbon electricity generation (2024)

  • Advising energy network companies on the RIIO-3 price control review by Ofgem (2023–)

  • Advice to water companies on the PR24 price review (2022–)

Selected
publications

  • Ippolito, F., Hope, P. and Van Dijk, R. (2022), ‘Institutional Protection Schemes in the Banking Union’, European Parliament briefing paper.

  • Haynes, J., Hope, P. and Talbot, H. (2021), ‘NPL resolution after COVID-19: main differences to previous crises’, European Parliament briefing paper.

  • Bandle, N., Burger, A., Deuchert, E., Gabel, M., Hope, P. and Woolley, F. (2020), ‘Warum die Marktrisikoprämie bei der Bestimmung der regulatorischen Eigenkapitalzinsen deutlich erhöht werden muss’, Energiewirtschaftliche Tagesfragen, 70:12, pp. 58–61.

  • Meaney, A. and Hope, P. (2012), ‘Alternative Ways of Financing Infrastructure Investment: Potential for “Novel” Financing Models’, International Transport Forum discussion paper 2012–07.

  • Correia da Silva, L. and Hope, P. (2011), ‘Profitability Analysis in the Context of the Pay TV Market Inquiry’, Competition Law Journal, 10:4, pp. 328–23.

Qualifications

  • MPhil Economics, University of Oxford, UK.

  • MA (Oxon) Politics, Philosophy and Economics, University of Oxford, UK.

  • Peter Hope is a CFA® charterholder.


Download Full CV

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Applications of the capital asset pricing model (CAPM) in some sectors (e.g. banking, utilities and infrastructure) imply very low estimates of the cost of equity. But when does ‘very low’…
Events

Rebooting Competition Policy?

Date: Tuesday 11 March 2025Registration: 13:00 CETCocktail reception: 18:30 CETLocation: Sparks, Rue Ravenstein 60, Brussels Join MLex, Oxera and Paul, Weiss for a half-day conference to discuss the rapidly-changing world of merger control and antitrust enforcement. Hear from decision-makers and experts who are shaping the competition policy landscape, and engage in insightful… Read More

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Courses

Utility regulation and finance: Principles of economic regulation

Over the course of more than 40 years, Oxera has developed and run training courses to help companies, regulators, investors, policymakers and lawyers to develop their knowledge of economic regulation and understand the key building blocks of a price review. The decisions that economic regulators make shape the revenues that… Read More

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