Informing
better decisions

At Synergies Economic Consulting we live and breathe our name – we create synergies through bringing together experienced economists to work collaboratively with our clients to inform better decisions. Our mission is to add clarity and confidence to decision making through offering new insights and perspectives.

Synergies

Expert economic advice

Synergies has a genuine commitment to providing rigorous expert advice to a growing and diverse client base in business and government. Through intensive client engagement, we seek to fully understand the needs of our clients. We deliver services that focus clearly on their individual circumstances and needs, while drawing on the extensive industry, regulatory and public sector expertise of the Synergies team.

About Us
Synergies Expertise

Our Industries

Energy

The Australian energy sector is undergoing rapid transformation to achieve ambitious emission reductions without compromising our economic competitiveness and our quality of life. Not only is traditional generation technology being phased out in favour of intermittent renewables; vast numbers of small-scale systems must now be accommodated within the network, competing ...

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Tourism

Tourism plays a significant part in Australia’s economy, contributing 3.2% to GDP and 4.9% to employment in 2016–17. Tourism’s contribution to national GDP has been growing steadily over the past few years, outpacing the performance of the wider economy. In 2016-17, the tourism sector directly contributed $55 billion to GDP ...

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Telecommunications

Synergies understands the decisions and challenges that face the owners, users and developers of telecommunications infrastructure and the complex and dynamic environment in which they operate. In recent years Synergies has provided strategic advice on the regulatory risks and optimal regulatory structure for the deployment of broadband infrastructure.

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Mining

The mining industry is a key growth sector in the economy, raising commercial and economic issues that require specialist advice. Synergies assists mining and resource companies with access to essential infrastructure, negotiate agreements and to estimate the economic and social benefits of projects for the purpose of demonstrating ‘social license’.

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Agriculture

Synergies has extensive experience providing commercial, regulatory and policy advice to public and private clients in the agricultural sector.

Our work in agriculture covers a diverse range of areas, including:

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Government & Social

Governments face some of the most perplexing issues of the day. The development of public policies relating to health, aged care, education and the environment often involve difficult trade offs to be made. Economics is a valuable discipline for evaluating these trade offs in a transparent and objective manner. It ...

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Health

The cost of health care is rising significantly along with the pressure to manage it. There is also mounting pressure to meet the growing needs and expectations of the community. Synergies assist clients, both public and private, regulated and unregulated, overcome the unique challenges they face to deliver affordable health ...

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Transport

With rapidly growing populations in Australia’s major cities, new solutions are needed to address congestion and improve transportation across our road and rail networks.

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Water

With the emergence of climate change, the Australian water sector faces considerable challenges in maintaining a reliable supply of water for urban and rural users. A more variable climate will call for robust planning, efficient water markets, and prudent investment in infrastructure and water saving technologies.

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What our clients say

Synergies gave us the advice we needed, in the format we wanted, on time and on budget. The report they produced was well written, with exceptional analysis, requiring little revision or debate. Synergies took the time to ensure they fully understood our purpose for the project – resulting in work we were able to immediately put to use.

Tanya Karliychuk - Grants & Research Manager at Australian Communications Consumer Action Network (ACCAN)

Synergies performed a peer review across a range of elements including demand, service need and economics for the Nullinga Dam PBC. Their contribution was particularly significant to enhancing the PBC. In relation to demand specifically, Synergies identified several matters to be assessed further in the development of the DBC, including substantiation of demand.

Scott Edwards - Project Director, Building Queensland

I wanted to thank you for all your help on the rail access reforms. It has been so valuable to have your considered advice throughout our work on these reforms and I have really appreciated your flexibility in responding to our numerous requests, often at short notice.

Clara Cuevas, Manager - Manager Economic Reform, WA Department of Treasury

Euan Morton was appointed as the Independent Expert for the first review of the Access Policy for the Wiggins Island Coal Export Terminal. He was required to review the proposed changes to the Policy, issue a Discussion Paper and consider submissions from stakeholders when issuing his Final Report for consideration by Queensland Treasury. He brought considerable technical expertise, and a balanced and pragmatic approach, to the task and effectively managed stakeholders through the process. His report was accepted by Queensland Treasury and the review process was completed smoothly and efficiently. He was good to work with and assisted in minimising the cost of the engagement and the review process as a whole.

Robert Jeremy - Wiggins Island Coal Export Terminal

Thank you Euan. You did an amazing job. We really appreciate your effort on short notice to produce your reports and the professionalism which you demonstrated today in your evidence.

Scott MacNeill - Legal Counsel, Aurizon

We appreciated how engaged with the project Synergies were and the effort put into preparing a well-researched and well written report. The project had a very constrained timetable, but the project team corresponded efficiently and we were pleased how quickly Synergies were able to turn the work around.

Joe Teh - Commercial Analyst Arc Infrastructure

Thank you again for your outstanding effort on the impact tool. We really appreciate the extra effort and tolerance of our last minute changes to ensure we put our best foot forward in the CRC application process.
The story that has emerged from your process has been really useful for us to frame our thinking and will be very useful as we consider the interview an associated presentation.

Guy Boggs - Program Director, Western Australian Biodiversity Science Institute

Synergies assisted ElectraNet with our need to consider non-network solutions as part of the South Australian Energy Transformation RIT-T process. Synergies was insightful, responsive and great to work with.

Bradley Harrison - ElectraNet

I might also take this opportunity to thank you and the Synergies team for your engagement on the Cost Benefit Analysis, it’s been great working with you on such a complex technical project. I particularly appreciated your quick response to questions and thorough explanation of issues as it really helped in coordinating input and resolving issues with agencies.

Matt Byrne - WA Department of Premier and Cabinet

Euan and the Synergies team have a thorough understanding of benchmarking techniques and their application to Australian electricity network businesses. They used innovative techniques to bring insight into the complexities of translating raw productivity measures into meaningful and commercially achievable revenue targets.

Graeme Finlayson - Ergon

I am very pleased with the process, professionalism and outcomes of Synergies Economic Consulting’s report on Economic and financial viability assessment for non-potable supply options, NE Corridor. The team from Synergies were highly skilled in undertaking the project and provided timely delivery of work. We are especially pleased with the way that the final outcome of the study is written and how the results are discussed, articulated and put in the context. The difficulty with this project was the multiple stakeholders who were providing inputs during the study. The team was very innovative and skilled in working with multiple stakeholder groups. Thanks so much Synergies for doing a great job!

Dr Mae Shahabi - WA Department of Water and Environmental Regulation

Euan Morton has performed numerous Independent Expert determinations under the National Electricity Rules for AEMO (and its predecessor, NEMMCO) over an extended period. He takes a principled and balanced approach to his determinations. He is easy to work with and is effective at managing stakeholders (particularly Affected Participants) such that they respect the integrity of the process and the outcome irrespective of regardless of whether their position was endorsed in the determination.

Brian Nelson Manager - Electricity Market Monitoring, AEMO

Thank you for making this work stream enjoyable and easy for us to manage. The feedback from all stakeholders is that they’ve been very impressed by your advice and expertise as seen in meetings and the deliverables – a view we strongly share! Hopefully we will have the opportunity to work with you again in the near future.

Marzia Zamir - WA Department of Jobs, Tourism, Science and Innovation

The Synergies Team has a deep and extensive knowledge of the agriculture sector and regional economies across the state, extremely strong data analytics capabilities, and a gift for easy engagement with a broad set of stakeholders.

Greg Tonks - Queensland Treasury Corporation

The Synergies team was organised, responsive to our feedback and professional every step of the way. When we provided the report to our stakeholders, they were pleased with the calibre of the report and communicated to us that it was a thorough analysis of the problem.

Kathryn Conroy, PHD - Commonwealth Grants Commission

Our Disciplines

Behavioural Economics

The behaviours and decisions made by consumers, businesses, regulators and policy makers are at the heart of the way society operates. It goes without saying that an understanding of human behaviour is a prerequisite for addressing complex public policy and business problems.

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Business Case Development

Synergies has a great wealth of experience in assisting businesses, research organisations, NGOs and local councils with preparing business cases for projects and programs. Increasingly, government funding is competitive and often calls for robust economic analysis to demonstrate positive returns to investment and contribution to jobs.

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Commercial Advisory and Due Diligence

Synergies’ provides specialist commercial services to assist clients with pricing and investment decisions. Our assistance on transactional and commercial support extends to conducting due diligence regulatory reviews, assisting with procurement processes, tender documentation, business case development and commercial negotiations.

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Competition Policy Analysis

Synergies’ understanding of the dynamics of markets and market definition combined with our modelling capability enables us to analyse market power and related issues for competition assessments, including modelling counterfactual situations.

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Environmental Economics

As competition for natural resources grows, protection of environmental assets and values will become increasingly important in tandem with sustainable development. Environmental economics is primarily concerned with evaluating, designing and implementing policies to address market failures, which lead to under supply of environmental goods and services.

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Expert Testimony

Synergies’ ability to authoritatively enable non-technical audiences to understand complex technical issues has resulted in our senior staff regularly appearing as expert witnesses. We have provided expert advice on a range of issues including price and non-price disputes, competition, third party access, and valuation.

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Labour market economics

Synergies’ has an in-depth understanding of urban and regional labour markets, including their theoretical underpinnings and real-world dynamics. We provide advice in relation to a diverse range of labour and employment matters, and engage in rigorous analysis that is tailored to the specific firms, employees, or labor markets of study. ...

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Public policy analysis and design

Synergies understands the process and drivers of government policy making through our direct and sustained involvement in the preparation and assessment of policy and our evaluation and analysis of policy benefits and impacts. We have provided advice in relation to a diverse range of public policy areas including employment and ...

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Public program evaluation

Synergies is highly regarded for its specialist expertise in public policy analysis, program evaluation and impact assessment. We prepare reports that meet the exacting standards of treasuries and regulatory gatekeepers. Our objective in all the work we do is to provide an objective assessment of the effectiveness and efficiency of ...

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Regulatory and network economics

Synergies is expert in economic regulation and advises a diverse range of services to regulated utilities including electricity, water, port, rail and gas infrastructure service providers, reflecting our deep understanding of economic regulatory frameworks.

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Regulatory impact & legislative review

Proposals to introduce new legislation or regulatory arrangements can increase the regulatory burden on businesses or consumers. Synergies is experienced at assessing the nature and size of impact that may be caused by the proposed regulations, and comparing these costs to the potential benefits – for example, the correction of ...

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Strategy and government reviews

Synergies has considerable experience assisting businesses subject to economic regulation across the transport, energy, and water sectors. In this regard, Synergies team members´ direct experience in regulated businesses and regulatory bodies enables different perspectives to inform the development of balanced advice to prepare clients for and engage with regulators.

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Training

Synergies regularly undertakes training workshops to share our expertise with clients to help them enhance existing knowledge and capabilities.

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Our Case Studies and Insights

Featured case study

Access Policy Independent Expert

Synergies is Australia’s leading advisor on pricing and economic regulation in the port sector. In 2017, Synergies was engaged by Wiggins Island Coal Export Terminal Pty Ltd (WICET) to undertake an independent review of the Wiggins Island Terminal Access Policy. ...

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Featured insight

Driving reform in transport efficiency

The Productivity Commission released its draft report into transport regulatory reform last month. While the PC’s inquiry has found transport reforms over the last decade have lifted freight productivity, more work needs to be done. A new agenda for the ...

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Explore our Expertise

Certified

Our priority is to consistently deliver advice of a high standard for our clients in order to create value for their operations while establishing long term business relationships built on trust and integrity.

Our Expertise

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