Our Experience

MCC Economics delivers independent, evidence-based analysis across economics, finance, and regulation. With experience spanning energy, water, infrastructure, and public policy, the firm supports transparent and effective decision-making. Clients across the UK, Europe, and the Middle East benefit from rigorous analysis, financial modelling, and clear policy insight.

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Publications

MCC Economics publishes independent analysis and commentary on issues at the intersection of economics, finance, and regulation. Our publications draw on experience from projects across energy, water, infrastructure, and public policy - providing evidence-based insights that support transparent, accountable, and effective decision-making.

Case Studies

MCC Economics works with governments, regulators, and organisations across the UK, Europe, and the Middle East.Our case studies highlight how rigorous analysis, financial modelling, and policy insight have supported clients in making transparent, defensible, and effective decisions. Each project reflects our commitment to clarity, independence, and analytical precision.

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The Crown Estate UK Bid Tool

Explore our Crown Estate UK case study to see how MCC supported the Offshore Wind Leasing Round 4 process by developing a fully automated bidding tool.

Financial Strategy
2018
Warwick Anderson
Aviation

Explore our Crown Estate UK case study to see how MCC supported the Offshore Wind Leasing Round 4 process by developing a fully automated bidding tool. Our tailored solution enabled real-time bidder selection, contingency planning, and seamless auction execution, ensuring a smooth and transparent process in support of the UK’s renewable energy transition.

The Crown Estate (TCE) required expert technical and analytical support for Stage 2 of the Invitation to Tender (ITT) as part of Offshore Wind Leasing Round 4. Given the complexity of multi-cycle bidding and the scale of investment in offshore wind projects, TCE needed an automated bidding tool, contingency planning mechanisms, and clear operational documentation and guidance.

MCC played a critical role in streamlining the Offshore Wind Leasing Round 4 ITT Stage 2 process by delivering:

  1. Custom-Built Automated Bidding Tool
    • Developed a dynamic, real-time tool for identifying Preferred Bidders and Preferred Projects during multi-cycle bidding.
    • Designed the tool to handle live auctions, bid assessments, and selection processes seamlessly, ensuring fair and transparent decision-making.
  2. Contingency Planning for Non-Standard Events
    • Mapped out potential bidding anomalies and process disruptions to ensure TCE could handle unexpected scenarios.
    • Created automated safeguards and fallback procedures within the tool to manage deviations from standard bidding cycles.
  3. Operational Guidance and User Documentation
    • Produced a comprehensive tool guide to assist TCE’s bidding team in using the system effectively.
    • Provided training materials to ensure seamless adoption and execution during the live leasing process.
  4. Strategic Advisory for Offshore Wind Development
    • Positioned MCC as a key advisor to regulators and offshore wind developers, ensuring that the Offshore Wind Leasing Round 4 process aligned with the UK’s Net Zero 2050 goals.
    • Provided insights on the long-term impact of leasing decisions on renewable energy infrastructure and investment strategy.

What the Client Needed?

Twofour54 Financial Feasibility

Explore our twofour54 UAE case study to see how MCC supported the development of a financial feasibility model for the Yas Creative Hub Abu Dhabi’s purpose-built media city.

Financial Modelling
2017
Warwick Anderson
Water

Explore our twofour54 UAE case study to see how MCC supported the development of a financial feasibility model for the Yas Creative Hub—Abu Dhabi’s purpose-built media city. Our work helped determine funding requirements, assess economic benefits, and forecast revenue growth, ensuring a financially sustainable foundation for the emirate’s creative industries.

Twofour54, a key player in Abu Dhabi’s media and entertainment sector, required expert financial modeling support for the establishment of the Yas Creative Hub, a state-of-the-art media city designed to foster the emirate’s creative industries. The client needed a financial feasibility model to project revenues and operating costs during both the development and post-development phases of the new media city, funding requirement analysis, and scenario-based demand analysis.

MCC played a pivotal role in developing a financial roadmap for the Yas Creative Hub by delivering:

  1. Custom-Built Financial Feasibility Model
    • Designed a comprehensive financial model from scratch, projecting revenues, capital expenditures, and operating costs across different project phases.
    • Ensured the model accurately reflected the financial dynamics of a large-scale media city development.
  2. Funding and Breakeven Analysis
    • Identified the funding requirements for Phase One and forecasted the timeline for achieving breakeven.
    • Provided insights on capital allocation to optimize investment efficiency and long-term sustainability.
  3. Scenario-Based Demand and Economic Impact Assessment
    • Analyzed multiple demand scenarios to evaluate how different industry growth trajectories could impact the media city’s success.
    • Assessed the economic benefits likely to accrue to Abu Dhabi, reinforcing the project’s value proposition within the creative and cultural industries.
  4. Strategic Coordination with National Media Authorities
    • Worked in close collaboration with the national media authority to align financial planning with Abu Dhabi’s long-term vision for its media and entertainment sector.
    • Ensured the feasibility model supported policy objectives and investment priorities within the emirate’s CCI strategy.

What the Client Needed?

Averda UAE Financial Model

Explore our Averda UAE case study to see how MCC supported the development of a corporate finance model to secure $30 million in funding from the International Finance Corporation (IFC).

Financial Modelling
2019
Hairo Senosain
Electricity

Explore our Averda UAE case study to see how MCC supported the development of a corporate finance model to secure $30 million in funding from the International Finance Corporation (IFC). Our work enabled Averda to drive sustainable waste management initiatives across the Middle East and Africa, focusing on recycling, carbon footprint reduction, and environmental impact mitigation.

Averda, a leading waste management company, sought expert financial modeling support to secure funding for its expansion into sustainable waste management projects across the Middle East and Africa. Given the complexity of the funding process and the need for accurate financial projections, Averda required a tailored, data-driven approach to support its funding application.

MCC played a crucial role in enabling Averda to secure funding by delivering:

  1. Corporate Finance Model Development
    • Designed a comprehensive financial model from scratch, forecasting development costs, operational expenses, and cash flow projections for waste management projects.
    • Ensured the model provided a clear financial roadmap for new plastics recycling plants and material recovery facilities.
  2. Funding Requirements and Debt Optimization
    • Analyzed capital requirements and identified a $30 million funding need for new projects across Oman, Morocco, and South Africa.
    • Structured financial forecasts to optimize debt covenants, ensuring that Averda could service the loan while maintaining financial stability.
  3. Collaboration with Corporate Development
    • Worked closely with Averda’s corporate development team to align the financial model with business expansion plans.
    • Ensured that the model met the International Finance Corporation’s (IFC) funding criteria, improving the likelihood of successful procurement.
  4. Sustainability and Environmental Impact
    • Incorporated recycling and reuse strategies into financial planning to align with Averda’s commitment to reducing carbon emissions.
    • Provided data-driven insights on how the funding would contribute to long-term environmental sustainability and operational efficiency.

What the Client Needed?

Heathrow Airport Forensic Accounting

Explore our Heathrow Airport Limited case study to see how MCC led a strategic review of cost and revenue allocation practices, identifying key risks and recommending improved financial reporting arrangements.

Accounting
2019
PJ McCloskey
Water

Explore our Heathrow Airport Limited case study to see how MCC led a strategic review of cost and revenue allocation practices, identifying key risks and recommending improved financial reporting arrangements. Learn how our expertise helped refine cost policies to enhance transparency and protect consumer interests.

Heathrow Airport Limited required an in-depth evaluation of its cost and revenue allocation practices to assess potential consumer harm and ensure regulatory compliance. The client sought a structured analysis of consumer harm, risk assessment framework, data collection strategy as well as project oversight and management. Given the complexity of financial structures within a large-scale operation like Heathrow, the client needed expert guidance to navigate data challenges and strengthen cost transparency.

MCC, led by PJ McCloskey, delivered comprehensive project leadership and financial expertise, including:

  1. Consumer Harm Assessment:
    • Developed a framework to assess whether Heathrow’s cost allocation practices led to unfair financial burdens on consumers.
    • Investigated revenue distribution methodologies to determine their impact on pricing structures.
  2. Risk Analysis & Data Collection Strategy:
    • Identified three critical financial risks associated with cost and revenue allocation.
    • Designed structured data collection requirements to acquire the necessary financial records and operational insights.
  3. Project Leadership & Execution:
    • Managed project progress, ensuring alignment with Heathrow’s objectives and regulatory considerations.
    • Coordinated with stakeholders to facilitate access to financial data and operational reports.
  4. Findings & Recommendations:
    • Due to insufficient evidence, the project concluded that proof of consumer harm could not be established.
    • Recommended enhancements to cost policy and financial reporting practices to prevent potential consumer harm in the future.

What the Client Needed?

Dubai Muncipality Case Study

Explore our Dubai Municipality case study to see how MCC provided a comprehensive economic impact assessment for the Dubai Strategic Sewerage Tunnel (DSST), a multi-billion-dirham mega-project designed to revolutionize the city’s wastewater infrastructure.

Economic Analysis
2017
PJ McCloskey
Energy

Explore our Dubai Municipality case study to see how MCC provided a comprehensive economic impact assessment for the Dubai Strategic Sewerage Tunnel (DSST), a multi-billion-dirham mega-project designed to revolutionize the city’s wastewater infrastructure. Our analysis identified key economic, environmental, and societal benefits, supporting informed decision-making for one of Dubai’s most ambitious urban development projects.

Dubai Municipality required an in-depth assessment of the economic, environmental, and social impacts of the Dubai Strategic Sewerage Tunnel (DSST). Given its estimated cost of AED 30 billion to AED 80 billion, the municipality needed a comprehensive evaluation of the tunnel’s direct, indirect, and induced economic impacts, an analysis of key economic drivers, insights into environmental benefits, such as reductions in power consumption, CO₂ emissions, and improvements in climate resilience.

MCC delivered a detailed economic impact study, helping Dubai Municipality understand the far-reaching benefits of the DSST project. Our contributions included:

  1. Economic Impact Assessment:
    • Identified the direct, indirect, and induced economic effects of the tunnel on Dubai’s economy.
    • Analyzed job creation, multiplier effects, and GDP contributions resulting from the construction and long-term operation of the system.
    • Evaluated sector demand growth, particularly in construction, transportation, and related industries.
  2. Environmental and Energy Efficiency Analysis:
    • Assessed reductions in power consumption by replacing existing pumping stations with gravity-fed tunnels.
    • Calculated the CO₂ emissions savings and the tunnel’s role in enhancing Dubai’s climate resilience.
    • Provided insights on the impact on water supply reliability and conservation, reinforcing Dubai’s climate change mitigation efforts.
  3. Public Health and Infrastructure Benefits:
    • Identified reduced public disruption from infrastructure failures, leakages, and emergency repairs.
    • Highlighted the long-term benefits for sanitation, health, and resilience against future pandemics like COVID-19.
  4. Urban and Reputational Advantages:
    • Demonstrated how the project would enhance land use, reduce brownfield sites, and support Dubai’s urban expansion.
    • Assessed the reputational benefits of positioning Dubai as a leader in sustainable and innovative urban infrastructure.
    • Explored how the project could attract top-tier talent and investment, further solidifying Dubai’s status as a global economic hub.

What the Client Needed?

The Consumer Council Northern Ireland Case Study

Explore our Consumer Council Northern Ireland case study to see how MCC resolved conflicting data on electricity charges, delivering clarity and actionable insights to support consumer advocacy and informed decision-making.

Regulatory Economics
2020
PJ McCloskey
Oil & Gas

Explore our Consumer Council Northern Ireland case study to discover how MCC resolved critical inconsistencies in electricity cost data from leading sources. Our in-depth analysis provided clarity on whether electricity charges in Northern Ireland were the highest or lowest in the UK, equipping the Consumer Council with reliable insights to strengthen their advocacy efforts and better serve the public interest.

In 2019, the Consumer Council for Northern Ireland (CCNI) sought MCC’s expertise to resolve inconsistencies in electricity cost data from three key sources including the Office for National Statistics (ONS), the Department for Business, Energy & Industrial Strategy (BEIS), and The Utility Regulator (UR). The conflicting data raised a critical question that were electricity charges in Northern Ireland the highest in the UK, as suggested by ONS? Or were they the lowest, as indicated by BEIS and UR?

MCC conducted a rigorous analysis to address the client’s needs:

  1. Comprehensive Data Review:
    • Examined electricity cost data from ONS, BEIS, and UR to identify discrepancies and their potential causes.
    • Analyzed the methodologies and assumptions underlying each source to understand the root of the conflicting conclusions.
  2. Detailed Report:
    • Authored an 11-page paper that provided a clear comparison of the data, highlighted the key differences, and evaluated the reliability of each source.
    • Concluded which source offered the most accurate representation of electricity charges in Northern Ireland.
  3. Actionable Insights:
    • Delivered recommendations to CCNI, enabling them to use the findings to advocate effectively for consumers and address public concerns about electricity costs.

Our work empowered CCNI to confidently address conflicting narratives on electricity charges, ensuring transparency and fostering trust among stakeholders and the public.

Click here to see the report we submitted to the Consumer Council. ​

What the Client Needed?