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Our Team


Luigi De Francisci

Luigi has more than 20 years of experience in the European electricity industry.

As Director of Regulatory Affairs and Executive Vice President at Terna S.p.a., the Italian electricity system operator, Luigi led the company through three tariff reviews, all resulting in material increases of the company’s share value.

Luigi was Member of Assembly and Steering Committee of ETSO and Member of the Board of ENTSO-E, the European network of transmission system operators for electricity. He is currently a Board member of Ukrenergo, the Ukrainian electricity system operator.

Previously, Luigi was in charge of relations with the Regulator at Enel S.p.A. and Head of Secretariat of the Italian Minister of Industry.

Besides proven technical and negotiation skills, Luigi brings to our clients a thorough understanding of the functioning of the Italian and European institutions that govern the energy industry, as well as of the decision-making dynamics of large energy companies.


Guido Cervigni

Guido is an economist, former regulator, market designer and company strategist. He has been a consultant for more than ten years, holding director level positions in leading international consulting firms.

Guido has advised regulators, system operators, exchanges and businesses across Europe on a wide range of regulatory issues in energy markets, including market design, price regulation, contracts and asset evaluation, cost-benefit analyses and unbundling. He has also advised private clients on competition and commercial disputes including analysis of state aids, assessing allegations of competitive abusive behaviors and estimating antitrust damages.

As a member of System Operation Expert Group advising the European Regulators' Group for Electricity and Gas (ERGEG), Guido was involved in the development of the EU framework guidelines on System Operations; he was also a member of ACER’s expert group on capacity remuneration systems.

Guido is research director at GREEN, the Centre for Geography, Resources, Environment, Energy and Networks at Bocconi University, Milan and gas advisor of the Florence School of Regulation.

Guido received a PhD in economics from Bocconi University, Milan.


Enrico Tesio

Enrico has 5 years of experience in the energy industry and brings DFC a unique blend of trading expertise, quantitative knowledge, and a deep understanding of the energy markets design.

After starting his career as a quantitative risk manager, Enrico specialized in data analytics and operations research techniques applied to the gas and electricity markets.

Enrico led a team including engineers and mathematicians that delivered a full suite of optimization and management tools for the participation in the flexibility markets of distributed generation and demand (virtual power plants). At DFC he was also responsible for the development of optimal-dispatch software for the European gas and electricity markets.

Enrico holds a Ph.D. in theoretical physics from Strathclyde University, UK.


Francesco Volpato

Francesco is managing consultant at DFC Economics with more than 5 years of experience in the energy industry.

Prior to joining DFC Economics, he acquired experience working for an Italian multi-utility as economist and regulatory expert.

Francesco is specialized in tariff setting and regulatory approval proceedings for network investments, and in competition in the retail market for electricity and gas.

He has hands-on experience in implementing tariff methodologies to compute regulated tariffs and he is familiar with business planning and asset evaluation techniques.

Francesco holds a MSc in Energy and Environmental Economics from City University London.