The department for Business, Energy and Industrial Strategy (BEIS) has hired Economic Insight to evaluate the impact of carbon compensation schemes on energy intensive industries (EIIs). The compensation schemes are intended to mitigate the impact of energy policies that disproportionately impact energy costs for industries with high energy usage. Our work will blend extensive qualitative research with advanced econometric techniques ,in order to establish the impact of the schemes on firm behaviour.
Economic Insight is providing commercial strategy advice to Severn Trent, in relation to its bioresources pricing. Using a combination of statistic techniques to estimate price elasticities – and our powerful pricing scenario models – we are helping the client re-optimise its pricing strategy to reflect differences in capacity, value and efficiency.
Economic Insight sponsors Utility Week Congress 2018. Ian Thompson, one of our Senior Consultants, will speak about balancing uncertainty of returns and incentive power in the RIIO-2 price control. The conference gathers industry stakeholders and experts who discuss the key developments in the utilities sector and will be held in Birmingham on 9th and 10th October 2018.
Healthcare UK – a joint initiative of the Department of Health and Social Care, NHS England and the Department for International Trade – have hired Economic Insight to develop a robust evidence base on the overseas demand for healthcare education and training. Our work will include providing a detailed financial model of the education and training opportunities available in the UK for key overseas markets.
Today water companies in England and Wales submitted their 5-year Business Plans as part of the PR19 price control process. Ofwat will now begin scrutinising those plans, with its initial assessment due to be published on January 31st. As part of its drive to encourage transparency in the sector, company plans can be viewed or downloaded from Ofwat’s website. Economic Insight has worked extensively with our clients in the sector to help develop their plans, and a range of our expert reports have been submitted by companies as supporting evidence to their proposals.
The Civil Aviation Authority (CAA) is currently consulting on its approach to the economic regulation of Gatwick Airport Limited going forward. Economic Insight responded to the CAA’s consultation. We believe the Q6 commitment framework, developed through engagement with key stakeholders, is – in the main – an effective way to encourage a competitive service offer for customers.
Our response can be downloaded from the publications section of this website.
Congratulations to Ellie Clutterbuck, an experienced analyst at Economic Insight! After a year of very hard work (full time consulting and part time studying), Ellie has been awarded a Distinction in the Graduate Certificate in Quantitative Techniques for Economics and Finance from the University of London, Birkbeck.
The dispute between Phil Anslow coaches and Stagecoach (Red and White) has been resolved, it was announced earlier this month. The settlement includes the construction of two new bus bays at Cwbran bus station, from which Phil Anslow will be able to provide additional services. Economic Insight were the economics advisors to Phil Anslow with respect to the competition law element of the dispute.
Ian Thompson, a Senior Consultant at Economic Insight, comments in Utility Week on risk and output delivery incentives for RIIO-2. The article can be downloaded from the publications section of this website.
12.07.2018 – Economic Insight speaks at the Nuclear Decommissioning Authority’s 2018 stakeholder summit
At the Nuclear Decommissioning Authority’s 2018 stakeholder summit, Ian Thompson, a Senior Consultant at Economic Insight, presented the findings of our work on the economic impact of Magnox sites. Our work, which has also been published recently, quantifies the impact that the Magnox sites currently have on their local economies and explores what their potential future impact may be.