Projects & Locations

The main objective of the project is the design and development of an Energy Information Management System (EIMS) for Cabo Verde. The EIMS is intended to provide data to support evidence-based policy formulation and decision making to accomplish the goals of the National Program for Sustainable Energy. The EIMS will also act as a catalyst for improvements in productivity, efficiency and communication between the country’s energy sector stakeholders.

Supporting ACER with its study on the implementation, availability, and uptake of dynamic price contracts across Europe. As part of this study, VIS identified the status of electricity dynamic price contracts across EU countries, Norway and UK. This includes the underlying drivers for their application in terms of necessary infrastructure, market conditionalities as well as commercial challenges for their uptake. Furthermore, VIS also developed a quantitative model to assess the societal and environmental benefits by comparing standard to dynamic tariff product offers to the consuming public. The study drew from empirical evidence and real-world data to evaluate whether and how beneficial dynamic price contracts could be for both consumers and suppliers. 

Setting of normative losses and determining the amount of electricity losses (technical and non-technical), for which the regulated Transmission and Distribution companies will be allowed to be compensated in the regulatory tariff regime. The project will provide capacity building to AMS and stakeholders.

VIS, as part of the Ramboll and Vito team, will participate for the implementation of a study for DG ENER, centered on assessing policy options for introducing rules on demand response, including aggregation, energy storage, and demand curtailment in accordance with the non-binding framework guidelines submitted by ACER in 2022 and to investigate the corresponding impact. Our study will take ACER’s framework guidelines as a starting point and assess the economic, social, and environmental impact framework-compatible rules could have.

VIS has been commissioned by the Greek Regulatory Energy Agency (RAE) to conduct a composite three-part assignment: Prepare country reports for the EastMed Gas Forum members (Cyprus, Egypt, France, Greece, Israel, Italy, Jordan, Palestine) covering their natural gas regulatory frameworks. Report on the practices from selected EU countries on the methodology and parameters for the calculation of the weighted average cost of capital (WACC) in the transmission and distribution of electricity and gas Development of guidelines for the assessment of network development plans submitted to RAE by the electricity and natural gas TSOs and DSOs, based on EU and international practices

VIS is very excited with its new assignment to support ACER with its evaluation of ENTSOG’s cost benefit analysis (CBA) methodology and the applicability of it or not for Hydrogen infrastructure projects. As part of this study, VIS will review and organize all available information relating to hydrogen infrastructure in Europe (existing & planned), assess the market & network conditions in the EU for the development of new infrastructure and conclude with a set of recommendations for ENTOG on developing a CBA methodology for Hydrogen infrastructure.

VIS will prepare and deliver online training based on the material developed in USAID/NARUC’s Primer “Depreciation Expense: A Primer for Utility Regulators.” Using the principles outlined in the depreciation primer, the training will be tailored to the Bangladesh context and emphasize the role of the energy regulatory commission.

VIS is participating as subcontractor in this framework contract, providing expert support to the Energy Regulatory Authority of Cyprus (CERA) for the development of gas regulatory documents.

Supporting the Energy Regulatory Authority of Vietnam (ERAV) in its role to review the implementation of voltage control mechanisms on distribution circuits as solar power connections increase in Vietnam

World Bank financed assignment “Study on Smart Grid Options in Jordan”. The project aims to support the Government of Jordan towards the development of a new Smart Grid Strategy.  The study demands technical & economic analyses of smart grid technologies, advice and prioritization of the different action areas, and review and update of the legal/ regulatory framework necessary for the materialization of the strategy.

VIS is part of Ecorys’ team for the EC Framework Contract (FWC) Socio-economic assistance in the field of energy (Lot 2). The FWC will include studies, ranging from economic and cost-benefit analyses of energy networks and infrastructures, to policy impact assessments and market studies.

VIS has been commissioned by NARUC, with USAID funding, to provide technical assistance to the Public Services Regulatory Commission (PSRC) of the Republic of Armenia on elements of the gas market development. The assignment focuses on preparing a methodology and code for calculation of technical losses, on setting the reporting requirements of gas stakeholders, and on developing a joint gas and electricity demand forecasting tool. The forecasting tool, developed together with E3 Modelling, is tailored to the characteristics of the Armenian energy market, to be used by PSRC in coordination with the key energy stakeholders of Armenia to formulate annual and peak demand projections up to 2030. Capacity building is provided to PSRC on technical losses calculation, reporting and market monitoring, and training of the use of the forecasting tool.

VIS has been commissioned by NARUC, with USAID funding, to provide technical assistance to the stakeholders of the Europe & Eurasia countries, for developing primary and secondary legislation to comply with the requirements of the EU 3rd Energy Package and the Clean Energy Package. The contract covers a wide range of topics, including inter alia electricity and gas market development, de-carbonization, renewable energy integration, energy efficiency and demand response, grid modernization, cybersecurity, digitalization, net metering and prosumers, balancing and ancillary services, and energy storage.

The scope of the project is to conduct a thorough cost benefit analysis on each major energy efficiency retrofit project on a natural gas upstream platform, a natural gas processing plant, a petrochemicals plant and a refinery respectively. For each of the four structures, significant investments on the machinery of the plants takes place in order each site to reduce its energy intensity and emissions footprint. The consultant is provided with the baseline information prior to any interventions as well as the expected reduction in energy consumption post interventions in order to estimate the potential positive externalities. The estimation is made via a development of a bespoke model by the consultant where environmental and social benefits are estimated and their value is monetized. 

VIS has been commissioned by NARUC (assignment funded by USAID) to develop a Primer on the Impact of Electricity Tariff Reforms on Infrastructure Investment and Economic Development. The primer will review and present the principle of cost reflectivity in electricity tariffs and in particular how the lack of cost reflective tariffs distorts the economic signals with respect to resources allocation (eg. energy intensive industries restraining from investing into more productive and energy efficient methods) and investments.

VIS is providing support to the Greek Regulatory Authority for Energy (RAE) for the development of a framework to appraise investments included in the 5-year network development plans submitted by the Greek gas distribution system operators. The assignment includes development of a template for the submission of the NDPs, the methodology for appraising the constituent investment projects and the process for monitoring the NDPs’ implementation.

VIS is participating, along with Public Power Corporation of Greece (PPC) and DRAXIS, in a consortium led by INTRACOM TELECOM, an Athens-based global telecommunication systems and solutions vendor, in the framework of a sophisticated research program aiming to apply statistical and machine learning techniques on large energy consumption datasets, collected and managed by an end-to-end IoT environment. This way, electricity suppliers will gain better insights into their customers’ energy consumption patterns and will be able to provide more detailed and accurate advice to their customers on how to reduce their energy consumption. This research project is Co‐financed by the European Regional Development Fund of the European Union and Greek national funds through the Operational Program Competitiveness, Entrepreneurship and Innovation, under the call RESEARCH– CREATE - INNOVATE (project code: Τ2ΕΔΚ-04565)

VIS is a subcontractor to Tetra Tech supporting the implementation of a 5-year USAID program Power Central Asia (PCA). The program will support energy sector development and regional cooperation with respect to energy in 5 central Asian countries (Kazakhstan, Kyrgyz Republic, Tajikistan, Uzbekistan, Turkmenistan). The program focuses on markets development, increasing renewable energy penetration and regional cooperation.

The Greek State launched a tender process for the sale of DEPA supply (publicly owned incumbent natural gas supplier of Greece). VIS is supporting a shortlisted investor to perform the necessary market due diligence of DEPA Supply. The support focuses on market analysis and assessment as well as the potential going forward outlook and growth prospects.

VIS has been commissioned by NARUC to develop a Primer on the treatment of depreciation in the context of regulatory tariff setting. The primer will review and present different methods of estimating depreciation of utilities’ assets as well as of allocating, in a systematic manner, the value of a depreciable asset over its life. A Case Study of selected Sub-Saharan countries will be conducted, on how alternative methodological approaches concerning regulatory treatment of depreciation can be evaluated and applied in practice.

VIS was commissioned by NARUC to provide technical assistance and support to the Energy Regulatory Office of Kosovo (ERO) to develop a long-term electricity demand forecasting tool, together with E3 Modelling. The forecasting tool is tailored to the characteristics of the Kosovo energy market, to be used by ERO in coordination with the key energy stakeholders of Kosovo to formulate annual and peak demand projections up to 2030.

VIS has been commissioned by the National Association of (US) Regulatory Utility Commissioners (NARUC) to assist E&E energy regulators (Albania, Armenia, Bosnia & Herzegovina, Georgia, Kosovo, Moldova, Montenegro, North Macedonia, Serbia, and Ukraine) in collaborating with their electricity distribution utilities to develop a common framework for monitoring quality of service performance and setting associated standards.

VIS is supporting ACER with the development of the 7th edition of the Congestion Report for gas transmission interconnection points. VIS performs collection, validation and analysis of data concerning the marketing of capacity at the interconnection points of all EU TSOs.

The main objective of the assignment is to draft a comprehensive guide for AERS (Serbian Regulator) to assist the process of reviewing, assessing and monitoring of oil pipeline development plans submitted by sector players. VIS first mapped the landscape and framework transcending the current Serbian oil transmission infrastructure development plans as well as the respective EU practices. Then we developed a detailed breakdown of the different steps to be followed by AERS, including the review of the financial and economic analysis required for such infrastructure, in order to approve or not the infrastructure development plan and advise on its potential socioeconomic benefits / costs.

VIS has been commissioned by Stantec to support a study in assessing and developing the potential of LNG in Eastern Parnership (EaP) countries. The objectives of this study are to: i) assess the current gas market structure and LNG prospects in each EaP country, ii) define the objectives and draft recommendations on the potential of LNG for each country and the EaP as a whole, iii) identify necessary actions for future regional cooperation between EaP countries, iv) promote EU’s principles concerning the functioning of gas markets and its approach to LNG.

The project’s objective is to support ERC towards the development of an open access market framework by drafting an Open Access Market Rule and Framework specific to the Kenyan context, to further the development of competition in Kenya’s electricity sector. The Open Access Framework will outline key components, well as principles, rules, and mechanisms for operating in an open access system. The Draft Rule will serve as the main regulatory tool for establishing an open access framework and will provide clear guidelines on the rights and responsibilities of all parties, including the tariff determination process, reporting requirements, enforcement measures, and mechanisms for dispute resolution.

Provision of services to IGI Poseidon for the analysis of Poseidon Pipeline’s economic impact, highlighting the differences under different regulatory regimes and commercial arrangements. The results of the analysis will be used by IGI Poseidon in interactions with the regulatory authorities and other stakeholders.

IFC study to support the organization in evaluating its investments in the electricity distribution sector and their potential microeconomic (utility level) and macroeconomic (nationwide GDP, employment, and GHG emissions) impact.

VIS along with Ramboll and Asprofos has been awarded this EuropeAid project to support the Republic of Serbia to comply with EU Acquis in relation to the establishment and optimal management of an emergency stockholding system for reserves of oil and/ or oil derivatives (Directive 2009/119/EC).

VIS was commissioned by Gastrade to carry out a detailed Cost – Benefit Analysis (CBA) for the Alexandroupolis Floating Storage & Regasification Unit (FSRU), and provide support to the company in its application for financing under the EU - Greece Partnership Agreement 2014-2020 and on its application for obtaining State Aid clearance from EC DG Competition.

VIS was commissioned by NARUC to provide technical assistance to the Georgian National Energy and Water Supply Regulatory Commission (GNERC) for the development of economic appraisal methodologies for electricity distribution projects, with particular application to appraisal and monitoring of 5 year electricity distribution network development Plans.

The National Association of US Regulatory Utility Commissioners (NARUC), commissioned VIS to provide technical assistance to Southeast Europe (Albania, Bosnia and Herzegovina, Georgia, Kosovo, FYROM, Montenegro, and Serbia) regulatory agencies for reviewing, approving and monitoring electricity transmission network development plans.

The National Association of US Regulatory Utility Commissioners (NARUC), commissioned VIS to provide technical assistance to regulatory agencies of Western Balkan (Albania, BiH, FYR Macedonia, Kosovo, Serbia) and Black Sea (Armenia, Georgia, Moldova, Ukraine) countries. Support is provided for the formulation of economic appraisal methodologies of gas transmission infrastructure projects and for alignment of grid codes with the EC Third Energy Package.

VIS participated in this World Bank assignment which supported Srbijagas, the integrated gas company of Serbia, to develop a new investment appraisal methodology and to formulate a revised investment plan for 2017-2021. The work included economic audit of Srbijagas' existing investment programme, and proposals for improvements in the investment planning, approval and monitoring systems of the company.

VIS participated in this study commissioned by World Bank/IFC which estimated the effects from an increase in the supply of gas to the electricity sector in Ghana, in terms of jobs and GDP growth, and carried out a complete value chain analysis of the Ghanean oil and gas sector.

A major international cement company commissioned VIS to develop an MIS model to support operational decisions on the use of alternative fuels (biomass, DSS, SRF, Tires etc.) in cement production in Egypt, based on operational and financial parameters.

VIS experts led this key study commissioned by DG-Energy for the evaluation of the expected benefits of electricity and gas PCIs, included in the 2nd Union-wide list, on the energy supply chains of EU Member States and their contribution to meeting EC policy objectives of electricity interconnectivity and gas supply diversification.

VIS was responsible for the core activities of this key World Bank study in Myanmar, the first of its kind in the country, that estimated long run economic costs for the whole gas market supply chain, including indigenous production, LNG and transportation, up to all major domestic market customer offtake points.

VIS is participating in this strategic project for DG-Energy, involving analysis of the financial and economic parameters of 9 priority gas infrastructure projects (transmission and LNG terminals) of the CESEC initiative, with the objective of facilitating the assessment of projects' bankability by IFIs, commercial banks and investors.