CEPA

Name

CEPA

Legal name

CEPA Ltd

Website

https://cepa.co.uk

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Consulting Services: CEPA generates revenue through providing economic and financial policy consulting services to clients on a project basis. Services include regulatory analysis, market design, cost assessment, transaction advisory, and evaluation work across multiple sectors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

CEPA is a global economic and financial policy consulting firm that advises private and public-sector clients on matters where economics, finance, and public policy overlap. The firm delivers eight core service lines—Regulation & Competition, Public Policy & Strategy, Finance, Transaction Advisory, Modelling, Appraisal & Evaluation, Social Value/Consumer Legitimacy & Sustainability, and Health Economics & Evaluation—across six sector practices covering energy, water, transport, infrastructure, global health, and communications/media/payment systems.

Product overview

CEPA is a global economic and financial policy consulting business that offers advisory services where economics, finance and public policy overlap. The firm operates as a consulting practice organized around eight core service lines: Regulation & Competition, Public Policy & Strategy, Finance, Transaction Advisory, Modelling, Appraisal & Evaluation, Social Value/Consumer Legitimacy & Sustainability, and Health Economics & Evaluation. These services are delivered across six sector practices: Energy, Water, Transport, Infrastructure, Global Health, and Communications/Media & Payment Systems. CEPA operates primarily from offices in the UK (London) and Australia (Sydney). In December 2019, CEPA established CEPA Energy Modelling Ltd as a dedicated subsidiary for specialized energy modelling services. The firm has completed over 1,400 projects in more than 50 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Regulation & Competition Advisory services on regulatory framework design, pricing structures, competition economics, appeals, and market assessments for regulated sector clients.
• Public Policy & Strategy Strategic advisory services for private and public sector clients covering policy development, market dynamics analysis, and strategic planning.
• Finance Financial advisory services including cost of capital assessment, financeability analysis, regulatory finance, and project infrastructure finance.
• Transaction Advisory Due diligence and transaction support for investors in regulated energy, water, and infrastructure assets across UK, Europe, and emerging markets.
• Modelling Energy market modelling, financial modelling, and quantitative analysis using data-driven approaches to support policy and regulatory decisions.
• Appraisal & Evaluation Cost-benefit analysis, programme evaluation, and impact assessment services for public policy and infrastructure investments.
• Social Value, Consumer Legitimacy & Sustainability Advisory on behavioural insights, consumer engagement, social impact assessment, and sustainability frameworks.
• Health Economics & Evaluation Strategic reviews, portfolio evaluations, and health economics analysis for global health organisations and programmes.
• CEPA Energy Modelling Ltd Wholly-owned subsidiary delivering specialised energy modelling services to energy companies, regulators, and governments worldwide.

Quantifiable outcome

• CEPA modelling showed MPP voluntary licensing will save estimated USD 3.5 billion and 170,000 lives by 2030
• +1 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Smith Square Partners ConsortiumcoreStrategic or Co-development Partner · 1 January 2023CEPA is part of a consortium led by Smith Square Partners, including Centrus, BDO, and Grant Thornton, acting as financial adviser to Ofgem on the OFTO Tender Round 10 process for offshore wind transmission assets worth approximately £2 billion.
• Smith Square PartnerscoreStrategic or Co-development Partner · 1 November 2020Consortium led by Smith Square Partners with CEPA providing economics and regulatory consultancy expertise for Ofgem's OFTO tender processes.
• CentruscoreStrategic or Co-development Partner · 1 November 2020Part of the consortium providing debt-focused financial advisory capabilities for OFTO tender processes.
• BDOcoreStrategic or Co-development Partner · 1 November 2020Provides tax advice as part of the consortium for OFTO tender processes.
• Grant ThorntoncoreStrategic or Co-development Partner · 1 November 2020Provides cost accounting advice as part of the consortium for OFTO tender processes.
• Medicines Patent Pool (MPP)minorStrategic or Co-development PartnerCEPA conducted modelling work validating MPP's methodology for estimating the impact of voluntary licensing on public health outcomes, published in The Lancet.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Oxera: Oxford-based economic consultancy focused on regulation, competition and finance across energy, water, telecoms and transport. Closest UK competitor to CEPA in advising utility regulators on price controls and cost of capital.
• Frontier Economics: Pan-European economics consultancy advising clients on regulation, competition and public policy across energy, water, transport and digital — directly overlapping CEPA's UK and EU regulatory-finance mandate base.

Broad incumbents

• NERA Economic Consulting: Global economic consulting firm (part of Oliver Wyman/MMC) covering regulatory economics, antitrust and finance. Much larger than CEPA but competes for the same economic regulation and cost-of-capital mandates for utilities and regulators.
• Charles River Associates: Global economics, finance and regulatory consulting firm. Overlaps with CEPA on regulatory economics, finance and policy work for regulated industries but operates at significantly larger scale.
• Berkeley Research Group (BRG): Large global consulting firm with a substantial Economic & Damages practice. Competes with CEPA for regulatory economics, finance and energy market mandates, particularly for international disputes and big-ticket utility matters.
• FTI Consulting Economics: Economics practice within global advisory firm FTI Consulting covering regulation, antitrust, and public policy. Comparable on regulatory economics mandates, with broader corporate finance and disputes capabilities than CEPA.
• Compass Lexecon: Leading global economics consultancy focused on competition, regulation and finance. Overlaps with CEPA on regulatory economics, cost of capital and policy evaluation work for utilities and infrastructure sectors.

Regional players

• Copenhagen Economics: Nordic-headquartered economics consultancy advising on regulation, competition and energy markets across Europe. Direct peer on energy market design and regulatory economics, though primarily Europe-focused rather than UK-centric.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/660885
• Xx.com/CepaLtd

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 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 CEPA