Researchers at EnergyEcoLab are uniquely qualified to implement high-impact studies on energy and environmental issues, as well as to bring the findings into the public sphere where they can contribute to improved policy. The team has a track record of collaborating with other researchers worldwide, policymakers, regulators, and firms. 

Natalia Fabra

NATALIA FABRA is Professor of Economics at Universidad Carlos III de Madrid and Principal Investigator of the ERC Consolidator project Electric Challenges. She has extensively worked on the analysis of electricity markets. Natalia is Research Fellow at the Centre for Economic Policy Research, Associate Member of the Toulouse School of Economics and Research Fellow at the University of Cambridge Energy Policy Research Group. She obtained her PhD in Economics in 2001 at the European University Institute (Florence).

Main Research interests: Industrial Organization, Energy and Environmental Economics, Regulation and Competition Policy, with emphasis on market design and market power issues. / Personal Web / Google Scholar


IMELDA is a postdoctoral researcher at the Economics Department at Universidad Carlos III de Madrid. Her research explores the intersection of energy, health and environmental economics, looking at how variable pricing can reduce the costs of renewable energy in electricity markets and how the energy transition can impact health and human behavior. She obtained her PhD in Economics in 2018 at the University of Hawaii at Manoa. 

Main research interests: Energy and Environmental Economics, Health Economics. / Personal Web / Google Scholar

Mateus 2

MATEUS SOUZA is a postdoctoral researcher at the Economics Department at Universidad Carlos III de Madrid. Most of his research focuses on understanding economic incentives related to adoption of energy efficient technologies and practices. He has experience using statistical methods to evaluate the effectiveness of programs and nudges to promote energy efficiency. He obtained his PhD in Applied Economics in 2020 at the University of Illinois at Urbana-Champaign. / Personal Web / Google Scholar


DAVID JESÚS ANDRÉS CEREZO is visiting EnergyEcoLab from the European University Institute, where he is a PhD candidate in Economics. Previously, he obteined a MSc Economics at the London School of Economics. 

Main research interests: Energy and Environmental Economics, Political Economy, Applied Micro-Theory. / Personal Web


SARA GUTIÉRREZ is a fourth year undergraduate student in Economics at Universidad Carlos III de Madrid. After completing an erasmus Program at Bocconi University and a summer intern at CEMFI, she realized that she is passionate about industrial organization. Now at EnergyecoLab, she is eager to discover whether this collaboration could be the starting point of a research career.

Laura García Llamas

LAURA GARCÍA LLAMAS is the Project Manager of the team. Before, she worked as research grant assistant at the Institute of Economics of Universidad Carlos III de Madrid. Laura has a Bachelor’s Degree in Economics and a Master’s Degree in Economics and Innovation Management from Universidad Complutense de Madrid.

External Collaborators

Gerard Llobet

GERARD LLOBET is Associate Professor of Economics at CEMFI. His area of research is industrial economics He has extensively worked on R&D, patents and market regulation. Gerard is also active in the diffusion of economic research. He was editor and he is still collaborator of the blog “Nada es Gratis”. He obtained his PhD in Economics in 2000 at the University of Rochester.

Main research interests: Industrial Economics, Regulation and Competition Policy. / Personal web

Mar Reguant

MAR REGUANT is an Associate Professor of Economics at Northwestern University. Mar has extensively worked on the empirical analysis of electricity markets and the impact and design of environmental policies. Mar is Research Affiliate at the Centre for Economic Policy Research, and Research Associate at the National Bureau of Economic Research. She obtained her PhD in Economics in 2011 at the Massachusetts Institute of Technology.

Main Research interests: Energy and Environmental Economics, with an emphasis on electricity and the pollution associated with electricity generation. / Personal web / Google Scholar

David Rapson

DAVID RAPSON is an Associate Professor of Economics at University of California at Davis. David has extensively worked on issues related to demand response in electricity markets, energy efficiency programs, and the electric vehicle. He is Co-Director of the Davis Energy Economics Program. He obtained his PhD in Economics in 2008 at Boston University.

Main Research Interests: Energy and Environmental Economics, Industrial Organization, and Applied Microeconomics. / Personal web / Google Scholar

Juan Pablo Montero 1

JUAN PABLO MONTERO is Professor of Economics at the Pontificia Universidad Católica de Chile (PUC-Chile) and has held visiting positions at the MIT Sloan School of Management, the Harvard’s Kennedy School of Government and Stanford’s CLAS and Economics. He received a Civil Engineering degree from PUC-Chile and M.Sc. and Ph.D. degrees in Economics from MIT. His research work concentrates on industrial organization, environmental economics and resource economics and has appeared in the top journals in Economics. Juan Pablo has also been a consultant for the Government of Chile, private corporations and international organizations in topics of industrial organization and environmental regulation. His current work deals with problems in competition policy (“Can rebates contracts be effectively used by dominant firms to exclude more efficient rivals?”) and transportation and environmental policy (“Can driving restrictions be effectively used to reduce congestion and air pollution?”).

Personal Web / Google Scholar

Past Visitors

Luis Fuentes

LUIS DE FUENTES is a fourth year undergraduate student in Economics at Universidad Carlos III de Madrid. He is involved in EnergyEcoLab through a “Beca de Colaboracion”, awarded by the Spanish Government. As part of his work at EnergyEcoLab, Luis has worked on his Undergraduate Thesis, “Simulations on the Spanish Climate and Energy Plan 2025-2030: on the relevance of strategic behaviour”, under the supervision of Natalia Fabra. A summary of his work and main findings (in Spanish) can be found here.

Clara Balardy

CLARA BALARDY is visiting EnergyEcoLab from at Université Paris-Dauphine, where she is a PhD candidate in Economics and Finance, in partnership with EPEX SPOT. Previously, she obtained a master in industrial organization at the Toulouse School of Economics.

Main research interests: Market Microstructure (liquidity, volatility and competition); Market Design Power Markets.


AIMILIA PATTAKOU is visiting EnergyEcoLab from ETH Zurich, where she is a PhD candidate at the chair of Resource Economics. Before starting her PhD, she studied Management, Technology, and Economics at ETH Zurich, and Electrical and Computer Engineering at the National Technical University of Athens, Greece.

Main research interests: Energy policies in the electricity sector, Social cost of carbon