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Our Team


Alberto Pototschnig, Director

Alberto brings to DFC’s clients more than 30 years of experience in the European energy sector, as high-level civil servant, top manager and consultant.

Alberto served as the first Director of the European Union Agency for the Cooperation of Energy Regulators (ACER), from 2010 to 2019. Under his term of office, ACER crucially contributed to the regulatory framework for the European internal energy market, including through the implementation of the Third Energy Package and the preparatory activities for the 2019 Clean Energy for All Europeans Package.

Previously, Alberto served as Director of Electricity Regulation at the Italian energy regulator and as CEO of GME S.p.A., the Italian energy exchange. As a consultant, Alberto was practice director in two international consulting firms. Currently he also serves as part-time Professor and Deputy Director of the Florence School of Regulation at the European University Institute.

Alberto holds a MSc in Econometrics and Mathematical Economics from the London School of Economics, University of London.


Guido Cervigni, Managing Director

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, Principal

Enrico has 8 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, Principal

Francesco is Principal at DFC Economics with more than 8 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.


Massimo Romano, Special Consultant

Massimo advises clients on corporate transactions, business strategy and regulation, leveraging on decades of experience as top manager of industrial firms and advisor in corporate transactions.

As Senior Executive Vice President of Regulatory Affairs and Corporate Strategy, he developed and implemented the company’s regulatory strategy during the crucial transition of Enel S.p.A. from publicly owned monopoly to the largest player in the liberalized Italian electricity market.

Massimo was then appointed CEO and general manager of SOGIN S.p.A., the state-owned company responsible for nuclear decommissioning, management and disposal of radioactive waste from industrial, research and medical processes in Italy.

More recently Massimo has been a developer of investments in renewable energy; he has promoted the second largest investment fund on solar electricity generation in Italy.


Gianfranco Pisani, Special Consultant

Gianfranco has more than 30 years of experience as management Consultant and Executive / CEO

Former Partner of a leading management consulting firm, he advised major companies in the Industrial sector. Further, he developed and led the energy Practice, specializing in generation plant development, renewables and energy efficiency. He has been also CEO of one of the largest Italian energy service companies.

Gianfranco brings DFC clients an extensive international experience in Italy and abroad in the fields of investment evaluation, M&A, post–deal integration activities, development of commercial organizations.

Gianfranco holds a Degree in Economics and specialized in Industrial Marketing at the Harvard Business School.