London Economics International

What London Economics International does

London Economics International LLC (LEI) is a Boston-headquartered global consulting firm founded in 1997 that provides economic, financial, and strategic advisory services to the energy, water, and infrastructure sectors. The firm combines industry-specific domain expertise with a suite of proprietary quantitative models — most notably the PoolMod dispatch and cost production software — to advise governments, regulators, utilities, independent power producers, developers, investors, and international development organizations on privatization, asset valuation, deregulation, tariff design, market power, transmission planning, capacity market design, and energy transition strategy. Practice areas span energy transition, regulatory economics and market design, expert testimony and litigation, strategy and management consulting, and procurement design and independent administration.

LEI monetizes through two complementary channels. The first is project-based advisory: multi-month engagements sold via direct outreach, RFP responses, and professional networks to a diverse mix of state public utility commissions (NJ BPU, Maine PUC), federal and multilateral bodies (USEA, USAID, UN ESCAP), utilities and IPPs (Vistra), trade associations (NECA, Indiana Chamber), and private operators. The second is productized recurring revenue via the Continuous Modeling Initiative (CMI), a series of semi-annual 10-year wholesale electricity price forecasts covering 11 North American markets (ISO-NE, CAISO, MISO, PJM, ERCOT, NYISO, SPP, WECC, SERC, Ontario, Alberta), sold at $7,500 USD per regional report through the London Economics Press e-commerce storefront. Customers range from independent power producers, equity investors, and lenders to regulated utilities and, in some cases, regulators and policymakers.

The firm operates from Boston (US headquarters) and Toronto (Canadian subsidiary), supplemented by a Global Alliance network with Economic Insights (Australia), Delphos, and Great Village International Consultants, giving it reach across seven regions — North America, Latin America and Caribbean, Europe, Africa, Asia, Middle East, and Australia/Pacific. Senior leadership (President A.J. Goulding, Managing Director Julia Frayer, Chief Economist Marie Fagan) is repeatedly recognized by peer organizations, and the firm was ranked a 'leading firm' by Who's Who Legal in 2018. Ownership is private and concentrated among founding principals, with no disclosed external funding, parent company, or acquisition history.

Name

London Economics International

Legal name

London Economics International LLC

Website

https://londoneconomics.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

London Economics International is a Boston-based global advisory firm (founded 1997) that provides economic, financial, and strategic consulting to governments, regulators, utilities, IPPs, and investors in the energy, water, and infrastructure sectors, combining proprietary quantitative models with the Continuous Modeling Initiative report series.

Ownership category

akta.pro rank

Product category

Energy Economics Consulting

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Power Market Design & Pricing Regulation (Wholesale/Capacity/Ancillary) (EUAMANAG)

akta.pro secondary industries

Energy Risk Management, Analytics & Back-Office (ETRM/CTRM) (EUAGAAAO), Forecasting & AI Optimization for Flexibility (Load/Price/Renewables/SoC) (EUAFAKAH), Data Management & Market Data (Reference Data, Curves, Master Data) (EUAGAJAK)

Keywords

• Energy market consulting
• Regulatory economics
• Wholesale electricity forecasting
• Power market analysis
• Expert testimony services

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Strategy Consulting and Advisory Services: Professional services including market analysis, strategic forecasting, privatization advisory, regulatory economics, expert testimony, and litigation support for energy and infrastructure clients. Revenue generated through project-based consulting engagements with governments, regulators, utilities, and private sector clients.
2. Market Report Sales (London Economics Press): Sale of wholesale electricity price forecasts and market analysis reports through the London Economics Press. Reports cover various power markets including ISO New England, CAISO, MISO, PJM, ERCOT, NYISO, SPP, WECC, SERC, Ontario, Alberta, and Mexico. Reports are sold at $7,500 USD per regional market report, with semi-annual releases (January and ongoing updates).
3. Continuous Modeling Initiative (CMI): Semi-annual market reports providing 10-year forecasts for North American power markets. Subscribers include IPPs, equity investors, lenders, regulated utilities, and in some cases regulators and policymakers seeking industry forecasts.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

London Economics International (LEI) is a global consulting firm providing market analysis, strategic forecasting, regulatory economics, expert testimony, strategy consulting, and procurement design services focused on energy and infrastructure markets. The firm sells proprietary Continuous Modeling Initiative (CMI) wholesale electricity price forecast reports for major North American power markets at $7,500 USD per regional market, supported by in-house quantitative modeling (including PoolMod dispatch/cost software).

Product overview

London Economics International (LEI) is a global economic, financial, and strategic advisory firm specializing in energy and infrastructure. The company's primary offerings consist of the Continuous Modeling Initiative (CMI) report series—proprietary wholesale electricity price forecasts for major North American power markets—including individual regional reports for New England, CAISO, Alberta, MISO, WECC, ERCOT, PJM, NYISO, Ontario, Southeast US, and Southwest Power Pool. These CMI reports, priced at $7,500 USD each, are supplemented by proprietary analytical tools including the PoolMod dispatch and cost production model used for market simulation and price forecasting. The portfolio is complemented by consulting services across energy transition, regulatory economics, expert testimony, strategy consulting, and procurement design.

Differentiator

Problem solved

Functional benefit

Products and services

• Continuous Modeling Initiative (CMI) Wholesale Electricity Price Forecast Reports

Quantifiable outcome

• Projected 40 GW of new capacity in Mexico over 10 years
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Economic InsightscoreStrategic or Co-development PartnerAustralian-based consulting firm and LEI Global Alliance Partner. LEI possesses extensive experience in evolving energy and infrastructure markets in Australia, New Zealand, and the Pacific region through this alliance. Has advised on the design of the Victoria electricity pool and national market in Australia.
• DelphosminorStrategic or Co-development PartnerLEI Global Alliance Partner providing advisory services in electricity, gas, telecoms, transportation, and water sectors.
• Great Village International ConsultantsminorStrategic or Co-development PartnerLEI Global Alliance Partner providing full suite of advisory services across energy and infrastructure sectors.
• WIREScoreStrategic or Co-development PartnerLEI has been commissioned by WIRES (Western Interstate Energy Compact) for multiple research projects including advanced transmission technologies deployment, Market Resource Alternatives framework, transmission formula rates primer, and economic stimulus studies. WIRES represents transmission-owning utilities and stakeholders.
• UN ESCAP (United Nations Economic and Social Commission for Asia and the Pacific)coreStrategic or Co-development PartnerPartnership with UN ESCAP and Frontier Economics to develop a regulatory toolkit for Pacific Island Countries and Territories guiding transition to zero-emission fuels including green hydrogen. LEI's Managing Consultant Sayad Moudachirou led the engagement.
• USEA (United States Energy Association)coreStrategic or Co-development PartnerLEI partnered with USEA and USAID on Energy Mix Diversification Strategy for Uganda Electricity Generation Company Ltd., developing recommendations for additional capacity up to 300 MW by 2030.
• Frontier EconomicscoreStrategic or Co-development PartnerPartnered with LEI and UN ESCAP on Pacific Island Countries hydrogen transition toolkit. Collaborated on USEA webinar discussing lessons learned from Europe's low carbon hydrogen experience.
• Grid Advisors LLCminorImplementation/ SI/ Consulting PartnerPartnered with LEI and USEA/USAID on Uganda Electricity Generation Company Ltd. energy mix diversification strategy.
• Columbia University Center on Global Energy PolicycoreStrategic or Co-development PartnerLEI has collaborated with Columbia University on multiple research projects including COVID-19 demand destruction analysis, railroads and utilities comparison study, and oil demand crisis research. LEI President AJ Goulding authored reports for the Center.
• 3E (Brussels-based renewable energy consultancy)minorStrategic or Co-development PartnerPartnered with LEI on International Energy Agency study examining costs of regulatory delays on renewable energy projects across Europe, Australia, and North America.
• C.D. Howe InstitutecoreStrategic or Co-development PartnerLEI President AJ Goulding has published multiple commentaries for the C.D. Howe Institute including research on Ontario electricity market, Canadian electricity ratepayer costs, and Canada's power sector planning.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• The Brattle Group: The Brattle Group is a global economics and management consultancy with one of the largest dedicated energy and environment practices, providing expert testimony, regulatory economics, and market design work that directly overlaps LEI's core service lines.
• Berkeley Research Group: BRG's Energy and Climate practice offers economic consulting, expert testimony, and regulatory advisory across power markets and infrastructure — a closely comparable boutique-scale alternative to LEI.
• Analysis Group: Analysis Group is an economic, financial, and strategy consulting firm with a deep energy and environment practice delivering expert testimony, regulatory economics, and market analytics comparable to LEI's energy economics work.
• NERA Economic Consulting: NERA is an economic consulting firm with a substantial energy, network industries, and regulation practice, frequently engaged on expert testimony, antitrust, and regulatory economics — closely mirroring LEI's energy economics and litigation support offering.
• Charles River Associates: CRA's Energy Practice provides economic and strategy consulting to utilities, regulators, and investors on market design, competition, and asset valuation — squarely overlapping LEI's regulatory economics and strategy consulting mandates.
• LCG Consulting: LCG Consulting is a specialized energy consulting firm providing dispatch modeling, market simulation, and price forecasting for U.S. and global power markets — the closest direct peer to LEI's PoolMod-driven wholesale forecasting business.
• Compass Lexecon: Compass Lexecon is a global economics consultancy providing expert testimony and regulatory economics across energy, network industries, and antitrust — overlapping with LEI's expert testimony and market design practices.

Broad incumbents

• Wood Mackenzie: Wood Mackenzie is a large energy research and consultancy firm offering subscription data, market outlooks, and consulting across power, gas, and renewables — a broader-incumbent parallel to LEI's CMI subscription and strategy work.
• S&P Global Commodity Insights: S&P Global Commodity Insights (including the former PIRA Energy) is a dominant energy data, analytics, and research platform whose price forecasting and market outlook products partially overlap LEI's CMI and market analysis services.
• ICF International: ICF International is a large public-sector-focused consultancy with extensive energy, environment, and infrastructure advisory practices serving utilities, regulators, and multilaterals — a broader-scale competitor to LEI's regulatory and strategy work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/LondonEconomicsInternational
• LinkedInlinkedin.com/company/london-economics

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about London Economics International