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Pj MccloskeyPM

Pj Mccloskey

Director – Regulatory Finance & Economic Advisory

€860/day
Abu Dhabi, AE
15+ years

Average response time: 1 hour

About Pj

I’m a Chartered Management Accountant and Director at MCC Economics & Finance, with nearly 20 years’ experience working across the energy, water, telecoms, aviation and infrastructure sectors.

I specialise in regulatory finance, economic analysis and financial modelling, with a particular focus on cost of capital (WACC), price control frameworks and financeability. I’ve worked with governments, regulators and private sector clients, including Ofgem, the Abu Dhabi Department of Energy and TAQA.

My work typically involves supporting complex regulatory processes from consultation analysis and policy development through to financial modelling, regulatory submissions and decision-making. I’ve also been closely involved in major regulatory programmes such as RIIO-2 and related CMA appeals.

I combine technical analysis with a practical, commercial perspective, helping clients navigate regulatory challenges and make well evidenced decisions.

I’m particularly interested in projects involving regulatory strategy, cost of capital, financial modelling and economic analysis within the utilities and infrastructure sectors.
  • English

    Native or bilingual

Can work on-site
Abu Dhabi (up to 50km)

Experience

  • Electricity company
    Regulatory & Financial Consultant
    January 2014 - December 2014 (11 months)
    1. Produced Regulatory Instructions and Guidance (RIGs), including templates for financial, economic and regulatory reporting for an electricity network company in Northern Ireland.
    2. Developed structured reporting frameworks to support regulatory compliance and improve data consistency.
    3. Contributed to financial modelling and regulatory submissions aligned with price control requirements.
    4. Supported stakeholder engagement, including regulators and internal finance teams, ensuring clarity and accuracy of submissions.
  • Water company
    Regulatory business plans
    January 2017 - December 2017 (11 months)
    Analysed UK companies’ submissions to their regulator, Ofwat, as part of the price control process (PR19). The paper ranks the business plans from best to worst. It is published on the MCC website here.
  • Abu Dhabi Department of Energy
    Regulation of district cooling services
    January 2020 - Today (6 years and 5 months)
    MCC recently assisted the Abu Dhabi Department of Energy with their regulation of district cooling, with a focus on the economic clauses listed in Decision 44. This involved analysis and review of financial and levelised cost models submitted with applications by district cooling service providers, such as PAL Cooling Services, Al Wajeez, and S&T District Cooling Company. Licencing reviews of district cooling providers was also carried out, including reviews of debt portfolios and debt clauses for Tabreed and PAL Cooling Services.

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Education

  • MSc
    University of London
    MSc
  • CIMA
    University of Ulster Jordanstown
    CIMA

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