Toby Stevenson

Director

P: +64 4 915 7590

E: tstevenson@srgexpert.com

Toby Stevenson is an economist with 30 years’ experience in strategic risk management mainly in the electricity industry. He is adept at managing assignments with high-stake outcomes and has worked in New Zealand, Australia, Philippines, Ireland, Tonga and Vietnam.

The types of assignments Toby is engaged for include strategic advice to boards, developing forward contracting strategies, cost benefit analysis of regulatory initiatives, evolution of smart grids and expert testimony in energy related markets.

Toby was a member of the 2009 Ministerial Review of Electricity Market Performance in New Zealand. Toby holds a BAgrCom(Econ) from Lincoln University and is a Chartered Member of the Institute of Directors.

My publications

Sapere was engaged by the Productivity Commission to investigate the potential for the electricity sector to contribute to the goal of a low-emissions future in New Zealand. Our paper was produced to support the Commission’s draft report on transitioning to a low-emissions economy. A final report will be presented to the Government in August 2018. ...

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The Ministry for the Environment commissioned Sapere to analyse the current information provision in the New Zealand Emissions Trading Scheme. The report offers recommendations on what, how and when information needs to be provided to the market to improve its efficiency. ...

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Dr Stephen Batstone and Toby Stevenson spoke at the recent Downstream 2018 conference on “Transitioning to zero net emissions by 2050: Moving to a very low-emissions electricity system in New Zealand”. Stephen and Toby presented the findings of the work a team from Sapere have completed for the Productivity Commission. This work aims to identify ...

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In February 2018, we prepared a report entitled A clearer high standard of trading conduct rule. Since our report was finalised, additional information has become available which is relevant to the analysis of trading conduct on the wholesale electricity spot market. Our refined position and proposal is published in this addendum. ...

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Sapere Research Group experts Kieran Murray and Toby Stevenson look at the High Standard of Trading Conduct rule, which was introduced by the Electricity Authority in 2014. In this report, they explore the implications for the design and application of a HSOTC rule, and propose a clearer rule.  An addendum to this report was published in ...

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Sapere Research Group was commissioned by Trustpower to analyse, and explain the consequences of, the lack of joined up thinking in regulation and decision making across the energy, water, environmental nexus in New Zealand. Toby Stevenson, Dr Stephen Batstone and Corina Comendant look at why a lack of joined up thinking may reduce the contribution ...

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This report estimates the net financial benefits contestable consumers in Singapore should expect as a result of the commencement of trading in Singapore Electricity Futures in April 2015. We estimate the difference retail prices would have otherwise been if the futures contract had not been introduced. Account is taken of the cost of incentives for ...

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Toby Stevenson, Kieran Murray and Joanna Smith return to a framework for evaluating significant policy changes in the electricity industry originally published in 2009. It asks whether the outcomes expected from the reforms since that report are being achieved. In addition to assessing outcomes under the current arrangements, the same evaluation method is used to ...

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