2025 EPRG Winter Seminar: Developments in Global Energy Systems

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11 Dec 2025

18:00 -21:00

12 Dec 2025

08:30 -16:00

Times shown are in local time.

 

  • By invitation only
  • Dinner & keynote: Jesus College
  • Winter seminar: Magdalene College
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Multiple locations

See event listing agenda for details.

2025 EPRG Winter Seminar

EPRG is pleased to announce our 2025 Winter Seminar in collaboration with the University of Cambridge and PwC.

The seminar will start with a keynote speech given by Martin Daunton (University of Cambridge), ‘The geoeconomics of energy: lessons to today from the oil shock of 1973’.

On 11 December 2025, EPRG is hosting delegates to a dinner at Jesus College and on 12 December 2025, to a full-day seminar at Magdalene College.

Agenda

Keynote address & dinner

They keynote and dinner will take place at Jesus College, University of Cambridge.

Venue address: Jesus College, Jesus Lane, Cambridge, CB5 8BL

18:00-19:00

Reception

Keynote address: The geoeconomics of energy: lessons for today from the oil shock of 1973

Professor Martin Daunton (University of Cambridge)

19:00-21:00

Dinner

Winter Seminar

The Winter Seminar will take place at Magdalene College, University of Cambridge.

Venue address: Cripps Court, Magdalene College, 1-3 Chesterton Road, Cambridge, CB4 3AD

08:30-09:00

Registration and coffee

09:00-09:10

Welcome

09:10-10:20

Session 1: Energy networks and net zero: the role of the distribution system operator

Chair: Paul Nillesen (PwC)

Andrei Covatariu (EPG) and Daniel Duma (Stockholm Environment Institute)
Cathy McClay (National Grid)
Joris de Groot (Alliander)

10:50-12:00

Session 2: Sharing the cost of the energy transition (panel session)

Chair: Lucia Reisch (University of Cambridge)

Laura Smart (Ofgem)
Andy Manning (Citizens Advice)
Gulbahar Tezel (PwC/Tilburg University)
Juliette Sanders (Energy UK)

13:00-14:10

Session 3: Technologies for net zero

Chair: Ramit Debnath (University of Cambridge)

Martin van ‘t Verlaat (Equigy)
Florian Mayr (PwC)
Amir H. Keshavarzzadeh (University of Cambridge)

14:40-15:50

Session 4: The changing geopolitics of energy (panel session)

Chair: Jeroen van Hoof (PwC)

Leigh Hancher (FSR)
Michael Mehling (MIT)
David Reiner (EPRG, University of Cambridge)
Anupama Sen (University of Oxford)
Paul Simshauser (Griffith University)

15:50-16:00

Concluding remarks

Speakers

Energy networks and net zero: the role of the distribution system operator

Dr Paul Nillesen

Partner, Strategy& Netherlands

Paul Nillesen is an advisor to executives in the energy and utilities industry for Strategy& Amsterdam. He leads the Energy, Utilities & Resources industry for PwC Netherlands as well as the global Power & Utilities Advisory Practice.

Paul focuses on energy and utilities (including water and waste) and helps clients understand the changing market in which they operate, adapt for the future and realise value. He has supported a large variety of clients on different topics, including:

  • extensive experience in national and international Energy and Waste markets and Industry experience
  • experience across value chain and has worked for private players, publicly-held companies, policy makers, regulators and NGOs
  • financial and economic analysis related to profitability of power plants (dispatch/merit order modelling), networks and renewable energy
  • regulation and economic analysis for regulated network businesses, regulators and policymakers, state-aid complaints
  • expert-witness in arbitration and regulatory hearings

Daniel Duma

Senior Research Fellow, Stockholm Environment Institute

Daniel Duma is a Senior Research Fellow at SEI Headquarters, where he leads the Finance for Sustainable Development Programme. FSD focuses on identifying policy solutions that can support investments in sustainable economic activities in developing countries.
Daniel’s research interests include blended finance and risk mitigation, renewable energy finance, energy policy, economic regulation in power distribution, carbon pricing and financing industrial transitions.

Before joining SEI, Daniel worked at the international electricity company Enel, in various roles related to sustainability, public affairs, renewable energy development and finance.

Daniel is also an Affiliated Researcher at the University of Cambridge Energy Policy Research Group, Research Fellow at the Centre on Regulation in Europe and Affiliated Expert at the Energy Policy Group in Romania.

Daniel’s academic background is in political science (BA), public policy (MSc), business (MBA) and economics (PhD)

Joris de Groot

Chief Transition Officer (CTO), Alliander

Joris de Groot is Chief Transition Officer (CTO) at Alliander. In this role, he works on transforming the Dutch energy system, a system where electricity, renewable gases, hydrogen and heat increasingly converge in smarter ways. His focus is on increasing flexibility, making better use of existing infrastructure and applying innovative, data-driven solutions.

Joris studied Applied Physics and Technology & Innovation Policy at Eindhoven University of Technology and earned an MBA from the Kellogg School of Management. He previously worked at Boston Consulting Group, Ecofys and Eneco, where he led projects at the intersection of technology and organizational transformation.

He believes the energy transition is not just a technical challenge but above all a societal shift, one that requires collaboration, speed and realism to succeed.

Andrei Covatariu

Senior Research Associate, Energy Policy Group (Romania)

Andrei Covatariu is an energy expert specialising in the energy transition process and its geopolitical, economic and social challenges. He holds multiple roles, working at the intersection of theoreticians (think tanks, academia) and practitioners (energy industry, international organisations, domestic), engaging with both private and public stakeholders across Europe, the Middle East and the United States.

Among his roles, Andrei is a Senior Research Associate at Energy Policy Group (Romania), a Non-resident Senior Fellow at the Atlantic Council (Washington, DC) and Co-Chair of the Task Force on Digitalisation in Energy at the United Nations Economic Commission for Europe (UNECE). He is also a 2025-2026 Policy Leader Fellow at the School of Transnational Governance of the European University Institute.

Cathy McClay

Managing Director, National Grid’s Distribution System Operator

Cathy is a recognised leader in energy system transformation, with over 25 years of experience across electricity markets, system operation and decarbonisation. As Managing Director of National Grid’s Distribution System Operator, she is driving the shift to a smarter, more flexible grid that supports net zero at lowest cost. Her previous roles span senior leadership at ENOWA (NEOM), Sembcorp and National Grid ESO, where she led market reforms and innovation in flexibility. Cathy is a Fellow of the Royal Academy of Engineering and was awarded an OBE for her services to the energy industry.

Sharing the cost of the energy transition (panel session)

Lucia Reisch

Director, The El-Erian Institute of Behavioural Economics and Policy, Cambridge Judge Business School

Lucia Reisch was appointed in 2021 as the inaugural El-Erian Professor of Behavioural Economics & Policy and Fellow of Queens’ College, joining from Copenhagen Business School.  She is also the Deputy Dean of Queens’ College. Lucia is a behavioural economist and social scientist, whose work includes research in sustainable consumption, behavioural public policy and consumers and digitisation. She applies rigorous empirical research on the effectiveness and acceptability of behavioural insights to policymaking. Her publications are cited widely by peer-reviewed journals and by policymakers worldwide. She has worked on numerous sustainable consumption and other issues with the OECD, the European Commission, the World Bank, UNEP and other various United Nations agencies.

Juliette Sanders

Chief Communications Officer, Energy UK

Juliette is Chief Communications Officer at Energy UK, the UK’s broadest and most diverse energy trade association, representing companies across the sector including large-scale electricity generators, retailers who sell energy to businesses and households, and companies working towards decarbonising heat and transport. Juliette has a Master’s in Engineering from Cambridge University, and has held a variety of analytical and communications roles across low carbon generation at Equinor, Orsted and EDF Energy.

Andy Manning

Head of Energy Systems Regulation, Citizens Advice

Andy joined Citizens Advice in April 2021 as Principal Economic Regulation Specialist. He leads the Energy, Networks and Systems team. The team seeks to ensure that consumers receive the services they require from the energy network companies at good value for money and that the energy system works well for consumers. Andy sits on the Ofgem Challenge Group that assesses network companies’ business plans.

Andy has worked in the energy industry for over 20 years, working for Centrica and RWE Npower before joining Citizens Advice. This was in a variety of commercial and regulatory roles, mainly focused on network regulation and system governance.

Gülbahar Tezel

Partner, PwC Netherlands

Professor of Economics, Tilburg University

Gülbahar Tezel is a partner at PricewaterhouseCoopers (PwC). In this role she provides strategic and economic advice to policymakers and businesses. Her areas of expertise include energy transition, environmental economics and the design and regulation of policies, particularly in sectors such as energy, telecommunications and digital platforms. At PwC, she also leads a think tank focused on energy transition, where she sets the research agenda and contributes to related publications. Additionally, Tezel has served as a member of the Expert Team Energy System 2050, commissioned by the Minister of Economic Affairs and Climate. Alongside her role at PwC, Gülbahar Tezel is a Professor of Economics at Tilburg University, where she teaches courses in applied economics and supervises thesis students.

Laura Smart

Deputy Director of Consumer Insight and Behavioural Science, Ofgem

Laura Smart is Deputy Director of Consumer Insight and Behavioural Science at Ofgem, leading the regulator’s research portfolio, including programmes on energy flexibility, perceptions of pricing and consumer experience. She previously led research and consumer functions at the FCA and CMA.

Technologies for net zero

Ramit Debnath

University Assistant Professor and Deputy Director, Centre for Human-Inspired AI (CHIA)

Dr Ramit Debnath is a University Assistant Professor and Deputy Director of the Centre for Human-Inspired AI (CHIA). He is an affiliated researcher of the Energy Policy Research Group. Ramit is an elected member of the Methods Advisory Group (MAG) of the UK Government. He leads the Cambridge Collective Intelligence and Design Group and climaTRACES Lab and has a visiting academic role at Caltech and Stanford University. He is the Mathematics and Programming teaching lead for the Design Tripos course and AI for Sustainability Module leader for the MPhil in Human-Inspired AI.

Dr Debnath’s research involves designing responsible and human-centric AI systems to advance climate action and environmental sustainability at urban and regional scale. This niche and rapidly emerging field is pivotal for mitigating global emissions and ensuring that AI is developed safely and for the public good. Ramit has a background in electrical engineering and computational social sciences, with a MPhil and a PhD from the University of Cambridge as a Gates Scholar. He is a Fellow and Director of Studies of Churchill College.

Amir H Keshavarzzadeh

PhD Candidate, Department of Engineering, University of Cambridge

Amir H. Keshavarzzadeh is a PhD candidate in the Department of Engineering at the University of Cambridge. He holds a Master’s degree in Energy Science and Technology from ETH Zürich and previously worked as a Design Engineer at GE Vernova, specialising in thermal-power systems. His research examines global supply chains from a complex- and chaotic-systems perspective, seeking to understand how interconnected production networks behave under stress and how shocks cascade across countries, industries and firms. By integrating concepts from chaos dynamics, network science and AI-enabled modelling, his work uncovers the hidden nonlinearities and systemic vulnerabilities that shape the resilience of global supply chains. Ultimately, his research aims to provide a big-picture understanding of global supply-chain dynamics and to inform the design of more robust, adaptive and equitable systems to support the transition to a sustainable, low-carbon economy.

Florian Mayr

Partner, Strategy& Germany

Florian Mayr is a Partner in the Deals Strategy practice at Strategy& Germany, part of the PwC network. He advises financial and strategic investors to realise the full value of their transactions, with a strong focus on the energy transition. Based in Berlin, Florian supports through commercial due diligence, value creation and sector assessments particularly in renewable energy and around flexibility options such as energy storage. With nearly 2 decades of experience as a strategy consultant to the energy industry, he is recognised as a thought leader in shaping the future energy landscape.

Martin van ‘t Verlaat

Chief Technology Officer, Equigy

With over 15 years of experience in the energy sector, Martin van ‘t Verlaat leads the technology strategy and business development at Equigy’s crowd balancing platform. Equigy is a joint venture of 6 European TSOs with the mission to enable flexibility from smaller units as solutions for TSO’s balancing and redispatch. With its crowd balancing platform, Equigy is simplifying and standardising market access, thereby encouraging more participation of new types of demand-side flexibility.

 

Martin combines IT leadership and electricity market acumen to drive innovative solutions in the energy transition. Before joining Equigy, Martin held several professional and program management positions on digital transformation and data in TenneT TSO. He started his career in Business & IT consultancy with focus on Utilities and Public Sector. Martin holds a master in business administration from the Radboud University Nijmegen and a bachelor in information science from The Hague University of Applied Sciences.

The changing geopolitics of energy (panel session)

Jeroen van Hoof

Global Energy, Utilities & Resources Leader, PwC

Jeroen joined PwC in 1993 and serves as an Energy partner as of 2003. Jeroen is fully focused on the Energy & Utility & Resources (EU&R) industry and has worked with many clients, both in the oil and gas and the utilities sector. These include listed companies, both local and international.

Apart from serving as (lead) partner, he coordinated various carve outs, debt placements and some large utility deals and restructurings.

Jeroen has led the Dutch and EMEA Energy & Utility (EU) practice (Assurance, Tax and Advisory) and as of 2020 he is the Global Energy, Utilities & Resources leader.

Jeroen has advised many international Energy companies and governments on certain industry and policy setting matters.

Michael Mehling

Deputy Director, MIT Center for Energy and Environmental Policy Research

Michael Mehling is Deputy Director of the MIT Center for Energy and Environmental Policy Research. In his work, he focuses on climate policy design and implementation at the domestic and international level, including its intersections with environmental, energy, financial market and trade policy. Previously, Dr. Mehling was a Professor of Law at the University of Strathclyde in Glasgow and President of Ecologic Institute in Washington, DC. For over 2 decades, he has worked on climate policy design and implementation at the intersection with environmental, energy, financial market and trade policy, advising decision makers in over a dozen countries, testifying before or briefing legislators in the United States, the United Kingdom and the European Union and serving as an expert in several climate litigation and arbitration cases.

Dr. Mehling has helped launch several initiatives in the areas of climate law and policy and is a founding board member of, inter alia, the Blockchain & Climate Institute (BCI) in London, the European Association of Climate Law (EACL) and the European Roundtable on Climate Change and Sustainable Transition (ERCST) in Brussels. He also established and is Editor-in-Chief of the Carbon & Climate Law Review (CCLR), the first academic quarterly journal focused on climate law and regulation. Currently, he serves on the governance boards of Ecologic Institute in Berlin and Climate Strategies in London, the Scientific Committee of the Enel Foundation in Rome and the advisory board of the Institute for Climate Protection, Energy and Mobility (IKEM) in Berlin.

Anupama Sen

Associate Director – Impact, Smith School of Enterprise and the Environment, University of Oxford

Dr Anupama Sen is Associate Director – Impact,  for the Smith School of Enterprise and the Environment, University of Oxford. She is also an Official Fellow in Environmental Change at Reuben College, University of Oxford.  She was previously head of Policy Engagement at the Smith School. Anupama has published extensively on electricity sector restructuring and reform in the context of the energy transition in non-OECD Asia, the transition to renewables in resource-rich economies in the MENA, energy pricing reforms and the impact of the energy transition on international energy markets. She has a strong interest in the socio-economic implications of the energy transition, its implications for energy consumers, producers and governments and in the circular economy in relation to energy. Prior to joining the Smith School, she spent 13 years at the Oxford Institute for Energy Studies, where she was Senior Research Fellow, Executive Director of the Electricity Research Programme and Deputy Director of the Energy Transition Initiative. Anupama holds a BA(Hons) in Economics from the University of Mumbai, MSc from the London School of Economics and PhD from the University of Cambridge. Anupama is a Fellow of the Cambridge Commonwealth Society and has previously been a Junior Research Fellow and a Visiting Fellow at Wolfson College, Cambridge.

Leigh Hancher

Professor, Florence School of Regulation

Professor, Tilburg University

Leigh specialises in European energy law and has published and lectured widely on this topic. She has authored many articles and books on state support to the energy sector in Europe. She is a professor at Tilburg University, the University of Bergen and the Florence School of Regulation.

David Reiner

Professor, EPRG, University of Cambridge

Professor Reiner’s research focuses on the social licence to operate in a carbon-constrained world including public and stakeholder acceptability of low-carbon (and negative emissions) technologies.  He investigates the challenges of reaching net zero including for hard-to-abate sectors such as residential heating, heavy industry (such as steel, chemicals, cement) and international aviation as well as greenhouse gas removals (blue carbon, direct air capture, bioenergy with carbon capture and storage, soils and forests).

He’s a member of the Economics and Policy subject group at Cambridge Judge Business School, which analyses how economics can improve growth and business performance.

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