Personal Profiles

Dr Jacopo Torriti

Jacopo’s research focuses on the costs and benefits of market investments in flexible networks as well as the economic and policy implications of demand response from a customers and loads perspective. In recent research work he has been applying a number of regulatory economics tools -e.g. cost-benefit analysis, impact assessment and standard cost model- to various aspects of energy economics, including the macroeconomic impacts of the liberalisation of EU energy markets; demand response programmes in Europe; and quality of service of electricity supply.

Before joining CES in September 2008, Jacopo was Jean Monnet Fellow at the European University Institute in Florence (2007-2008), Economic Analyst at the Sustainable Development Commission (2007) and Research Assistant for the Department of Economics of the Massachusetts Institute of Technology (2003).

He holds a PhD in Risk Management from King’s College London (2007), an MA in European Studies from King’s College London (2003) and a five-year undergraduate degree in Economics from the University of Milan (2001).

Jacopo has collaborated with a number of government bodies, including the European Commission (DG Environment), the UK Cabinet Office (as a member of the Strategic Measurement Monitoring Team, Better Regulation Executive), the US Office of Management and Budget, the UK General Medic Council and other governmental institutions in Europe (e.g. Autorità per l’energia elettrica e il gas). He has developed and delivered training courses on impact assessment and cost-benefit analysis to the European Commission (DG SANCO), the Italian Government (National School for Public Administration, Presidency of the Council of Ministers) and the Romanian Government (EU Phare Project). In addition, he has undertaken knowledge transfer work for General Electric, Terna and Pfizer.

Publications:

Torriti, J., Leach, M. and P. Devine-Wright (forthcoming 2011), 'Demand side participation: price constraints, technical limits and behavioural risks' in Politt, M. et al, eds, Electricity and Heat Demand in a Low-Carbon World: Customers, Citizens and Loads (Cambridge University Press)

Torriti, J., Hassan, M. and M. Leach (in press), ‘Demand Response experience in Europe: policies, programs and technologies’ Energy

Torriti, J. (in press), ‘Impact Assessment and the liberalisation of the EU energy markets: evidence based policy-making or policy based evidence-making?’ Journal of Common Market Studies

Torriti, J., Lo Schiavo, L. and E. Fumagalli (2009), ‘L’AIR nella pratica di una Autorità indipendente: L’esperienza dell’Autorità per l’energia elettrica e il gas di applicazione dell’AIR alla regolazione della qualità del servizio’ Mercato Concorrenza Regole, 10 (2), 285-321

Torriti, J. and R. Lofstedt (2009), ‘To compete or to cooperate? This is an Impact Assessment question’ (Berkeley: Working Papers Academic Year 2008-2009) http://igov.berkeley.edu/papers0809.html

Torriti, J. (2008), ‘Impact Assessments and Emerging Technologies: from Precaution to Smart Regulation?’ in Einsiedel, E., ed., Hindsight and Foresight on Emerging Technologies (University of British Columbia Press)

Torriti, J. (2008), Does the Impact Assessment on the ‘Third Package’ provide the correct economic forecast for the liberalisation of the EU energy markets? EUI Working Paper (Florence: European University Institute)

Torriti, J. (2008), ‘Italy’ in Frick, F. and T. Ernst, eds., International Regulatory Reform Monitor 2008 (Gütersloh: Verlag Bertelsmann Stiftung), pp. 46-60

Torriti, J. (2008), ‘The Netherlands’ in Frick, F. and T. Ernst, eds., International Regulatory Reform Monitor 2008 (Gütersloh: Verlag Bertelsmann Stiftung), pp. 61-86

Torriti, J. (2008), ‘United Kingdom’ in Frick, F. and T. Ernst, eds., International Regulatory Reform Monitor 2008 (Gütersloh: Verlag Bertelsmann Stiftung), pp. 87-110

Löfstedt, R., Torriti, J. and F. Bouder (2008), ‘Key lessons and recommendations’ in Frick, F. and T. Ernst, eds., International Regulatory Reform Monitor 2008 (Gütersloh: Verlag Bertelsmann Stiftung), pp. 135-147

Torriti, J. (2007), ‘The Standard Cost Model: when better regulation fights against red-tape’ in Weatherill, S., ed., Better Regulation (Oxford: Hart)

Torriti, J. (2007), ‘(Regulatory) Impact Assessments in the European Union: a tool for better regulation, less regulation or less bad regulation?’ Journal of Risk Research, 10 (2), 239-276

Torriti, J. (2006), ‘Regulatory Impact Analysis (RIA): a risk analysis tool to increase regulatory transparency and stakeholder consultation? Lessons from the European Commission experience’ Issues of Risk Analysis and Management, 3, 2, 51-58

Presentations:

October 2009 IRRC, Valuing of Statistical Life for environmental risk regulation, Stockholm

September 2009 E-On Transition Pathways Workshop, Inputs to Technical Elaboration Working Group, Imperial College London

September 2009 SUPERGEN Book Workshop, Assessing Price Constraints, Technical Limits and Behavioural Risks in Demand Side Participation, University of Cambridge

April 2009 FlexNet Annual Assembly, What Europe has learned in terms of Demand Response, University of Manchester

April 2009 Law and Economics Seminar, Introduction to Regulatory Impact Analysis, University of Milan

March 2009 OECD International Seminar on Regulatory Impact Analysis, Regulatory Impact Analysis in Italy: Making a Virtue out of Necessity, Brasilia

December 2008 California-EU Biodiversity and Biosafety Regulatory Cooperation Workshop, To Compete or to Cooperate? This is an Impact Assessment Question, University of California Berkeley

December 2008 Society for Risk Analysis-International, Better Regulation in Italy: Making a Virtue out of Necessity, Boston

November 2008 EVA TREN Final Conference, Ex ante assessment of energy policies: examples and challenges ahead, DG TREN (European Commission), Brussels

May 2008 European Energy Markets, A Review of the European Commission’s Impact Assessment for the Third Legislative Package on Energy Markets Liberalisation, Lisbon

April 2008 Lunch seminar, Regulatory Impact Assessment: the Experience of the Italian Energy Authority, Politecnico University, Milan

January 2007 EU Advanced Colloquium on Better Regulation, The Precautionary Principle in Impact Assessments on Emerging Technologies, University of Exeter

December 2006 Society for Risk Analysis-International, Impact Assessments and Emerging Technologies: from Precaution to “Better Regulation”?, Baltimore

March 2006 ELDR conference Impact Assessments and New Technologies: a Regulatory Challenge in EU Policy-Making, Prague

December 2005 Society for Risk Analysis-International, An analysis of the European Commission’s Impact Assessments, Orlando

September 2005 Society for Risk Analysis-Europe, Functional Dimension of the European Commission Impact Assessment: Openness, Transparency and Extent of Quantification, Como

June 2005 EASY-ECO, The Functional Dimension of the European Commission Impact Assessment: Openness, Transparency and the Level of Quantification, Manchester

January 2005 UK Cabinet Office, Regulatory Impact Unit, How to evaluate the Impact Assessments of the European Commission? London

December 2004 Society for Risk Analysis-International, Regulatory Impact Analysis in the European Union: Which National Model to Be Followed? Palm Springs, CA

November 2004 Society for Risk Analysis-Europe, Regulatory Impact Analysis: a Method to Increase the Regulatory Transparency of the European Commission? Paris

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