MRC Consultants and Transaction Advisers

What MRC Consultants and Transaction Advisers does

MRC Consultants and Transaction Advisers is a Spain-headquartered, privately-held energy consulting firm founded in 2014 that provides economic, regulatory, and transaction advisory services to public sector clients (governments, regulators, ministries, multilateral development banks) and private sector clients (utilities, distribution companies, investors, and developers) across more than fifty countries. The firm operates from seven offices in Madrid, Athens, Milan, Edinburgh, Islamabad, Lahore, Montevideo, and Nairobi, and was acquired by Seureca, the consulting engineering arm of the Veolia group, in early March 2024.

The company's service portfolio centers on Energy Consulting Services and a Transactions & Infrastructure Development Advisory practice, supplemented by modules in Regulation & Policy, Markets/Competition/Prices, Tariffs, Transaction Support, Technical Studies, Energy Modelling, and Integrated Energy and Climate Planning. Delivery relies on established quantitative frameworks including the TIMES least-cost optimization modelling framework (IEA), the LEAP energy system model, ANTARES for power system modelling, and EnergyPlus and Esp-r for building energy efficiency modelling, applied with what MRC describes as senior practitioner expertise from ex-regulators and ex-government officials. An emerging initiative, the MRC Blockchain Lab, explores the convergence of blockchain, AI, big data, and energy management.

MRC earns revenue through project-based professional services engagements, with fees negotiated on a project-by-project basis depending on scope, duration, and team composition, often structured as multi-year contracts. Its go-to-market is direct enterprise field sales supported by relationship-driven business development, with marketing channels limited to the corporate website, LinkedIn, Twitter, and detailed project case studies. Customers include multilateral institutions (World Bank, IFC, ADB, EIB, KfW, AFD, CAF, African Development Bank, IDB, USAID, UNIDO, European Commission), major utilities and energy majors (Eni, Endesa, Enel, Enerjisa, Naturgy, Red Electrica, Terna, Acciona, EVN, Meralco, Saudi Electricity Company, Kenya Power, ExxonMobil), and other corporates (Microsoft, EY, Ferrovial).

Name

MRC Consultants and Transaction Advisers

Legal name

MRC Consultants and Transaction Advisers, S. L.

Website

https://mrc-consultants.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

MRC Consultants and Transaction Advisers is a Madrid-based energy consulting firm, founded in 2014 and now part of Seureca (Veolia group), providing regulation, policy, market design, tariffs, transaction advisory, and energy modelling services to governments, regulators, multilateral banks, utilities, and investors across more than fifty countries.

Ownership category

akta.pro rank

Product category

Energy Management Consulting

NAICS

Management Consulting Services (54161), Environmental Consulting Services (54162), Management, Scientific, and Technical Consulting Services (5416), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Management Consulting Services (8742), Services-Engineering Services (8711)

akta.pro primary industry

Corporate & Voluntary Procurement Policy (PPAs, Green Tariffs, 24/7 CFE) (EUAMANAH)

akta.pro secondary industries

GHG Inventory & Corporate/Facility Reporting (Scopes 1–3) (EUAHADAC), C&I PPAs & Virtual PPAs (VPPA) Origination & Management (EUAGACAF), Industrial & Energy MRV (Facilities, Renewables, Methane, Process Emissions) (EUABACAI)

Keywords

• Energy consulting services
• Transaction advisory
• Energy regulation policy
• Infrastructure development advisory
• Energy market design

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Consultancy and Advisory Services: Professional consulting fees for energy market consulting, regulation and policy advisory, transaction support, technical studies, and infrastructure development advisory. Revenue is generated through project-based engagements with both public and private sector clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

MRC provides customized consulting and advisory services for energy markets, including energy market design, policy and regulation, infrastructure development advisory, transaction support, technical studies, and tariff design. It advises governments, regulators, utilities, distribution companies, developers, and investors on the nexus between energy, water, and transport, leveraging energy system modelling tools and senior practitioner expertise.

Product overview

MRC Consultants and Transaction Advisers is a consultancy firm offering a unified portfolio of energy consulting and transaction advisory services. The core offerings include Energy Consulting Services, Transactions & Infrastructure Development Advisory (T&IDA), and specialized service modules covering Regulation & Policy, Markets/Competition/Prices, Tariffs, Transaction Support, Technical Studies, Energy Modelling, and Integrated Energy and Climate Planning. The firm also operates an emerging technology initiative called MRC Blockchain Lab focusing on Blockchain, AI, Big Data and Energy Management convergence. The company was acquired by Seureca (Veolia group) in March 2024, bolstering their energy division.

Differentiator

Problem solved

Functional benefit

Brands

• MRC Blockchain Lab: A division where Blockchain, AI, Big Data and Energy Management converge.

Products and services

• Energy Consulting Services Customized consulting services for energy markets covering market design, policy and regulation, infrastructure development, supply-demand balance optimization, tariffs, technical studies, and energy modelling. Serves government bodies, regulators, utilities, distribution companies, developers, and investors worldwide.
• Transactions & Infrastructure Development Advisory (T&IDA) Advisory supporting the buy and sell side of energy infrastructure transactions, including M&A, privatization, concession structuring, project development, and refinancing. Accompanies investors from concept to commercial operations, integrating technical, commercial, and financial cross-functional needs.

Quantifiable outcome

• Specialized expertise across electricity, natural gas, water and sanitation sectors with projects in 50+ countries

Named customers32 records

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• Seureca (Veolia Group)flagshipStrategic or Co-development Partner · 1 March 2024Seureca, the Consulting Engineering and Strategic and Operational Assistance division of the Veolia group, completed the acquisition of MRC Consultants and Transaction Advisers in early March 2024. MRC joined Seureca, bolstering their energy division with consultants holding more than 30 years of experience in the energy sector and network of international experts in more than 50 countries.
• BIPcoreStrategic or Co-development PartnerPartnership with BIP in European Commission study on barriers to demand response participation in electricity markets and State aid support in EU27 Member States.
• Grimaldi AlliancecoreStrategic or Co-development PartnerPartnership with Grimaldi Alliance in European Commission study on barriers to demand response participation in electricity markets.
• CAF (Development Bank of Latin America)coreImplementation/ SI/ Consulting PartnerCAF (Development Bank of Latin America) commissioned MRC for comprehensive long-term analysis of electricity sector in Latin America with 2050 horizon, supporting sustainable infrastructure development and capacity strengthening.
• Ernst & Young (EY)coreStrategic or Co-development PartnerMRC-EY consortium engaged by Hellenic Energy Exchange S.A. for Natural Gas Feasibility Study, including European landscape analysis, Greek market analysis, LNG trading model, and implementation plan.
• VIS ConsultantsminorStrategic or Co-development PartnerCollaboration with VIS Consultants for Southeast Europe and Black Sea region transmission grid code harmonization project.
• EMRC UKcoreStrategic or Co-development PartnerJoint partnership with EMRC UK for electricity cost of service study in Zambia, funded by African Development Bank.
• Hellenic Energy Exchange (HEnEx)coreImplementation/ SI/ Consulting PartnerEngaged MRC-EY consortium to carry out Natural Gas Trading Platform Operator feasibility study for Greek market expansion.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ICF International: Major advisory and digital services firm with a strong energy and climate practice covering regulation, market design, and modelling for public and private clients. Comparable on IFI-funded energy policy mandates and regulatory economics.
• AFRY (formerly ÅF / Pöyry): Global engineering and consulting firm with a strong energy practice covering market design, regulation, and generation advisory. Comparable on power system modelling and transaction advisory, with much larger scale and broader geographic coverage.
• Guidehouse (energy practice): Global advisory firm with a sizeable energy, sustainability, and infrastructure practice serving utilities, regulators, and investors. Comparable on energy regulation, market design, and transition strategy, but at much larger scale and broader service breadth.
• Fichtner: German-headquartered engineering and consulting firm advising on energy infrastructure, regulation, and transactions for governments, utilities, and financiers. Overlaps with MRC on energy regulation and project advisory in emerging markets.
• EY-Parthenon (Energy Transition): Big Four strategy consulting practice advising utilities, regulators, and investors on energy transition, market design, and M&A. Already a documented MRC partner on the HEnEx natural gas study and competes with MRC on large transaction and regulatory mandates.
• WSP (energy practice): Global professional services firm with a sizeable energy and climate advisory practice covering power systems, regulation, and infrastructure advisory. Comparable on energy regulation and transactions work, with much larger headcount and engineering breadth.
• Ricardo Energy & Environment: Larger multidisciplinary energy and environmental consultancy with deep capabilities in policy, regulation, climate, and modelling. Overlaps with MRC on energy regulation and decarbonization advisory but operates at significantly greater scale and breadth.

Direct peers

• Enerdata: Independent energy research and consultancy firm specialising in energy modelling, market intelligence, and policy advisory. Directly comparable on energy system modelling (uses similar frameworks) and country-level energy transition analysis.
• Castalia Advisors: Specialist economic and regulatory consultancy focused on energy, water, and infrastructure transactions in emerging and developing markets. Closely comparable in size, mandate type (policy, regulation, transaction support), and client base (governments, regulators, DFIs).
• Economic Consulting Associates (ECA): London-based economic and regulatory consultancy serving utilities, regulators, and donors on energy, water, and infrastructure reform. Directly comparable on regulatory economics, tariff design, and IFI-funded mandates in Africa and Southeast Europe.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/mrc_consultants
• LinkedInlinkedin.com/company/mrc-consultants-and-transaction-advisers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 MRC Consultants and Transaction Advisers