Director & Owner, ESP Consulting
Partner, PA Consulting
- Led UK Utilities team
- Overarching responsibility for coordinating PA’s energy services within Europe
Associate Partner, PwC Consulting/IBM
- Advice energy companies, regulators and governments wordwide
- Led specialist team advising on energy trading and risk management across Europe
Project leader, Industry reform, Australia (1992-1995)
- Directed team responsible for designing long term vesting (Government directed) contracts
- Led industry-wide negotiations
Education & Qualifications
- MSc - Macro Economics, Copenhagen University (1987)
Soren Lautrup, a Director of ESP Consulting UK, is a senior energy specialist with over 15 years' experience in advising leading utilities on strategy, energy trading and risk management and a wide range of commercial and contractual issues. Soren also has a significant track-record in advising Governments and regulators, as well as market participants, on trading arrangements and industry reform in both mature and emerging markets. Soren joined ESP Consulting from PA Consulting where, as a Partner, he led their UK utilities team advising clients across Europe. Prior to 2003, Soren was a Director with PwC Consulting where he led a pan-European specialist team advising on energy trading and risk management.
Trading & Risk Management
Soren has advised more than 30 energy companies on energy trading and risk management issues. This experience ranges from diagnostic and assurance reviews, design of governance arrangements and policies, risk modelling and performance measurement, to development of trading and market entry strategies and the design of contractual arrangements. Recognised risk expert and regularly called upon to carry out reviews of risk management practices and controls acting as external advisor to RMC's and/or Finance Departments. Co-founder of the European Energy Risk Forum (EERF) which he launched together with Endesa and Elsam in early 2004. This forum comprises the leading risk practitioners from 12 leading European utilities.
Business Model & Organisation
Whilst with PwC and PA Consulting, delivered several large business improvement programmes spanning the wider commercial organisation and business model. This work has included large established energy companies as well as setup of entirely new commercial and trading operations in both mature and emerging markets. These programmes typically involve multi-disciplinary teams extending to business process design and ETRM-related IT, as well as programme management. Over the past 3 years, Soren has been supporting a Northern European energy company on a large-scale business process and IT roadmap programme, a role he has continued since joining ESP Consulting.
Regulation & Market Reform
Soren has a significant track-record in advising Governments and regulatory authorities on industry reform and the design and development of wholesale trading arrangements. With PwC and PA Consulting, he advised participants and regulatory authorities on market liberalisation and reform in countries such as Poland, Austria, Russia and Ireland. Prior to joining PwC, he had a leading role in the reform process in the State of Victoria (Australia) where he led design and industry wide negotiations of directed (vesting) contracts which underpinned the subsequent privatisation. Most recently and since joining ESP Consulting, he acted as senior advisor on a review of trading arrangements and market issues for a European regulator.