Stephen Weston
	Head of Advisory Services

Stephen is a senior consultant and the Manager of Advisory Services at IES, managing the Advisory Services Division while also undertaking consulting assignments.  He has more than 25 years experience in the energy industry including over ten years with competitive energy markets, in particular the Australian National Electricity Market (NEM).

Stephen’s particular interests and expertise include:

• The analysis of risk in competitive energy markets;
• Simulation and optimisation modelling of production and storage systems;
• Statistical modelling of energy demand and market prices; and
• The design and pricing of energy derivative products and energy storage and balancing services.

Stephen has led a number of market studies for clients in relation to the acquisition of existing power generation businesses, and the development of new power generation assets.  Stephen joined IES in 2005 and is based in IES’s Sydney office within the Advisory Division. Prior to joining IES, Stephen was with Hydro Tasmania and prior to that Stephen was with Trowbridge Consulting.

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Ken is a mathematical modelling specialist with more than 30 years experience in the implementation of linear programming and other mathematical techniques to complex problems.  He is also experienced in electricity market studies providing advice to government and business.  He has completed a four-year assignment as model computing specialist for a project funded by AusAID to strengthen the institutional capacity of eight participating ASEAN countries to formulate effective energy policy.

Ken has particular expertise in:

• Development and application of mathematical programming models
• Development of mathematical algorithms for problem solution
• Analysis of energy policy issues
• Electricity market simulation and assessment

Ken is based in IES's head office in Sydney.

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	Steven Wallace
	Head of Research & Development

Stephen is a senior consultant and the Manager of Strategy and Practices at IES, providing advice to both the Advisory Services and R&D Divisions while also undertaking consulting assignments.

He has extensive experience in and knowledge of the energy industry including competitive energy markets in Australia and the Philippines. Stephen's particular interests and expertise include statistics, modelling and operations research and their application to:

• Electricity market design and implementation;
• Dispatch engines and dispatch and pricing issues;
• Generator operations and strategy in electricity markets;
• Technical training in electricity markets and the applications of statistics and mathematical programming to these markets;
• Modelling electricity markets including modelling the impacts of generator gaming behaviour on market outcomes;
• The various mandatory renewable energy schemes and the modelling of renewable energy certificate markets;
• Modelling and optimisation of urban water systems; and
• Modelling and optimisation of hydro-electric generation systems

Stephen has had a wide range of project experience which has involved work in Australia, Philippines, Vietnam, Ireland, England and Wales. He has been involved in many projects relating to the economic and technical operation of Australia’s National Electricity Market (NEM).  Stephen joined IES in 2001 and is based in Cooma. Prior to joining IES, Stephen was with Snowy Mountains Authority (now Snowy Hydro). Prior to that Stephen was with Hydro Electric Commission of Tasmania (now Hydro Tasmania).

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	Dr Stuart Thorncraft
	Managing Consultant

Stuart is a managing consultant at IES, undertaking and leading consultancy assignments that involve assessing different aspects of energy markets in Australia, Asia and elsewhere. He also contributes to in-house research projects and software development projects.

Stuart has ten years of experience in modelling Australian, Asian and other energy markets, formulating and solving optimisation problems, undertaking data analysis, designing databases, software development and researching the design and operation of energy markets.

Stuart has particular interests and expertise in the following areas:

• Modelling electricity markets, modelling energy markets and modelling power systems;
• Technical design of electricity spot markets, ancillary service markets and billing & settlement systems;
• Power system planning and real-time power system operation;
• Assessing the value of assets and/or viability of projects in electricity markets;
• Electricity industry restructuring and electricity market design;
• Analysis of the energy sectors of Australia, ASEAN and globally;
• Developing optimisation models;
• Developing strategies for electricity spot trading and design of tools to assist in real-time decision-support;
• Electricity contract pricing and contracting strategies; and
• Software development and development of business requirements for software.

Stuart joined IES in 2001 and is based in IES’s Melbourne office working mainly in the Advisory division while also making contributions to projects undertaken by the Software and R&D Divisions. Prior to joining IES, Stuart worked as a software developer for a SCADA platform at Honeywell's software centre.

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Antoine Nsair has over 30 years experience in the energy sector.  During this period he held senior management positions and was involved in the development and implementation of the National Electricity Market and the Victorian Gas Market.  Prior to joining IES Antoine was a partner and a director of McLennan Magasanik Associates (MMA) (2000-2009), where he provided advice to senior executives, in government and privately owned organisations, on matters relating to the investment and developments in the electricity, gas and water industries in Australia and Singapore.

Prior to joining MMA, Antoine held executive positions on two leading energy companies, AGL (Solaris Power) and TRUenergy (Kinetik Energy) as head of energy trading and a member of the financial risk management committee.

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Dr Magasanik came to IES after many years with McLennan Magasanik Associates (of which he was a founding director) where he had extensive experience in advising clients on gas market related issues such as progressing gas-fired generation projects and major gas purchasers.

Dr Magasanik has carried out work on natural gas development and utilisation in Victoria, Western Australia, South Australia, Queensland, New South Wales and Tasmania.  He also carried out the first studies which led to bringing gas onshore on the east coast of peninsular Malaysia.

He is thoroughly familiar with the natural gas supply-demand situation throughout the eastern states and how it might develop.  This includes the potential for new pipelines and the continued development of coal seam methane, in particular the dominant influence of the Queensland LNG projects.

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	Nicolas Bergevin
	Senior Research Officer (casual)

Nicolas came to IES in 1999 as Senior Operations Research Analyst. He has formal qualifications in mathematics, computer science, and operations research.

Assignments at IES include the design and development of IES’s generic dispatch engine; multiple software audits and mathematical formulation certifications of NEMMCO’s pricing and dispatch processes and other related algorithms; contribution to a Cost Benefit Analysis of the National Electricity Market of Singapore for the Energy Market Authority; and the operational audit of the WESM dispatch engine for the Philippine electricity market operator.

Prior to coming to Australia to join IES, Nicolas worked in France for two years with a software engineering company specialising in implementing operations research techniques in various industrial application. Through this company he worked for clients such as Renault, Péchiney and Bouygues.

Nicolas has recently chosen to return to his country of origin where he is continuing his collaboration with IES.  His assignments now include the development of IES’s presence and opportunities in Europe from his new base in Toulouse, France

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	Deanna Wang
	Senior Consultant

Deanna is a senior consultant/analyst contributing to consulting, research and market analysis projects in the Advisory Services Division.  She is experienced in complex numerical simulation including multi-dimensional modelling, computational and numerical techniques, experimental design and statistical analysis of data.

Deanna specialises in the Australian renewable energy sector. Her responsibilities include being the main client contact on renewable generation and REC market issues, and developing and refining IES's approach to the modelling of the Renewable Energy Certificate (REC) market and renewable generation development in Australia.

Deanna joined IES in 2008 and is based in IES's Melbourne office.  Previous to IES, Deanna worked for several years at the“Institut Français du Pétrole (IFP) located 10km west of Paris. There, her positions included Programme Manager of the Powertrain Engineering Programme, Workpackage coordinator for a 3-year EU-funded Network of Excellence involving over 20 industry and academic partners from the petroleum and automotive sectors and Software Developer / Researcher.

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	Philip Travill
	Senior Market Analyst

Philip is a senior analyst and a modelling leader that supports IES’s Advisory Services. He has many years experience in electricity market modelling and analysis of market behaviours and outcomes.  He has particular expertise in:

• Energy market analysis and modelling of Australian and overseas markets; and
• Electricity market forecasts including contract portfolio analysis and analysis of changing market conditions.

Philip joined IES in 2005 and is based in IES’s Melbourne office within the Advisory Division. Prior to joining IES, Philip worked for four years with AGL as a casual in the Analysis & Forecasting team in the wholesale energy department.

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	Ka-Li Law
	Market and Modelling Analyst

Ka-Li is an analyst and is part of the modelling team that supports IES’s Advisory Services. She has experience in electricity market modelling and analysis of various environmental schemes and the impact of the CPRS on market operations

Ka-Li has expertise in the development and use of IES’s least-cost planning models for the Australian electricity and gas systems.  She has undertaken a number of studies using MARKAL for a wide variety of clients.

Ka-Li joined IES in 2008 and is based in IES’s Melbourne office. Prior to joining IES, Ka-Li worked as a Research Assistant at the University of Melbourne, undertaking a wide variety of research and data analysis tasks. 

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	Peter McKenzie
	Market and Modelling Analyst

Peter is an analyst and is part of the modelling team that supports IES’s Advisory Services.  Peter has experience in the use of IES's Prophet model, analysing past market outcomes in the NEM, the Western Australian Market (WEM) and in forecasting outcomes in these markets. 

Peter's recent projects at IES include:

• Forecasting of electricity prices in the NEM;
• Assisting NEMMCO with their ANTS simulations

Peter joined IES in 2008 and is based in IES’s Melbourne office. 

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Oliver joined IES as an energy analyst at the start of 2011. He holds formal qualifications in Economics and Pure Mathematics and has completed research in computational economics and stochastic analysis.

Prior to joining IES, Oliver worked at the Independent Pricing and Regulatory Tribunal of New South Wales (IPART) as an analyst in the water pricing team. In this role he was involved in pricing determinations for bulk water services and the development of regulatory mechanisms to address revenue volatility for state-owned corporations.

Since joining IES, Oliver has built experience in the following areas:

• Contracting strategies for generators;
• Modelling the uptake of small-scale renewable technologies, and the mechanics of the Small-scale Renewable Energy Scheme; and
• Conducting market studies.