Aonghus Macmillan

In his time as a consultant, Aonghus has worked on numerous projects for the UK rail regulator (ORR), being a key member of the team providing delivery partner-style report to the PR23 programme team. This includes a series of projects developing and assessing reforms to ORR’s two key performance incentive schemes, Schedule 4 and Schedule 8, which monitor and assess the performance of Network Rail and train operators.

Aonghus’ other regulatory work includes a part-time secondment to Ofwat advising on frontier shift estimation; reviewing the Irish electricity network tariff structure for the Commission for Regulation of Utilities; critiquing the econometric models produced by the national lottery operator as part of a project advising the Gambling Commission; and ongoing work for VREG advising on revenue indexation, cost efficiency and financial incentive mechanisms.

Outside of the public sector, Aonghus has worked on several economic impact assessments for pharmaceuticals company Novartis. The reports involved estimating the organisation’s various impacts through a “channels of value” framework, which used input-output modelling to estimate the direct, indirect and induced impact of Novartis’ activity on the UK economy, and (for the most recent report) disaggregated his impact regionally.

Outside of work, Aonghus’ interests include football (Nottingham Forest), chess, sports betting, books about wizards and dragons, and curry.