Nick Geddes

Nick Geddes

Mobile:
+44 7887 479 978

Email:
nick.geddes@esp-consulting.co.uk


Nicholas is a senior consultant and analyst with 5 years’ power regulation experience. He has developed policy across a number of areas of the electricity market at the Department of Energy and Climate Change (DECC) and delivered significant operations projects in the investment banking sector. Nicholas has a BSc in Economics and MSc in Environment and Sustainable Development and is imminently due to complete an energy sector MBA at Warwick Business School.

Nicholas joined ESP Consulting after 7 years in central Government (HMG) which he joined through its graduate programme after completing an MSc in Environment and Sustainable Development. Prior to that he worked as an analyst and project manager at Goldman Sachs and JP Morgan after completing a BSc in Economics. He takes a rigorous analytical approach to problem and solution identification to deliver evidence-based insights.



Sector expertise

Wholesale Electricity Markets
Nick developed the UK government’s position and legislation on wholesale electricity market liquidity in the Energy Act 2013. He led the Department’s analytical work, engagement with Parliament and representations to the Secretary of State. In his time working on wholesale market policy Nick also had oversight of a number of other areas including allegations of gas market manipulation, the development of EU financial regulation (MiFID II and EMIR), cash-out reform and the Third Energy Package (TEP).

Electricity Demand Side Response (DSR) & Smart Energy
At DECC Nick acted as the UK’s lead advisor on demand-side technologies in the electricity sector. He developed the Government’s analytical framework and programme, policy options, assessment criteria and option assessment. He has engaged with a wide cross-section of industry and has a strong understanding of the technological and regulatory barriers in the UK.

Competition & the CMA energy market investigation
Nick led the UK’s engagement with the Competition and Market Authority’s investigation into the GB gas and electricity markets. He oversaw across the full spectrum of ‘Theories of Harm’ from retail market competition to vertical integration and code governance. He provided cross-governmental advice and led engagement with CMA officials and Ofgem.

Operations & project management
Nick work for Goldman Sachs and JP Morgan for three years before undertaking a MSc in Environmental Economics. At JP Morgan he led two major trade automation projects (eConfirm and EFET.net) in its commodities and precious metals businesses. He took trade automation from under 30% to over 75% of global trades through a combination of client on-boarding, business process re-design and technological modifications.