03.03.15 – European Competition Law Review Article

The European Competition Law Review has published an article by James Harvey “The rocky road to competition”.  The article discusses how regulatory safeguards designed to protect consumers while competition is introduced could have the opposite effect.  It is available for download in the publications section of this website.

22.02.15 – Bristol Water Ofwat Review

Bristol Water (Bristol) has rejected Ofwat’s latest price determination and is seeking a review by the Competition and Markets Authority (CMA).  Ofwat has allowed Bristol to incur £409m to run its wholesale business, whereas it had planned to spend over £500m.  Economic Insight is advising Bristol on various issues relating to Ofwat’s cost assessment, including…

30.01.15 – Insights

Our latest batch of Insights is now available for download from the publications section of our website.  In Better the devil you know we explore how framing of known and unknown risks shapes individual choice and policy.  In Experimental economics – scattergun or science?, we describe what experiments are and highlight some of the key issues in their use.  Finally, in Market…

12.12.14 – Revenue boost for the water industry

Economic Insight secures an additional £36.4m of revenues for the water industry.  Ofwat today published its Final Price Determinations for water and sewerage companies in England and Wales.  In the new price limits Ofwat accepted claims for retail cost inflation for four companies: Bristol, Portsmouth, Wessex and Yorkshire, all of whom were advised by Economic…

26.09.14 – Report for Ofwat

As part of the new regulatory framework for PR14, Ofwat has removed the automatic link between prices and inflation for the retail price controls.  Whilst a number of water companies made cost adjustment claims relating to retail inflation as part of their Business Plans, only Yorkshire Water was successful in Ofwat’s Draft Determinations.  Today Ofwat has…