LATEST NEWS
Assessing the sustainability of the UK press sector
In 2021, Economic Insight was commissioned by the Department for Digital, Culture, Media and Sport (DCMS) to assess the challenges that the UK press sector faces from the increased shift to online media, with both circulation and revenues falling over recent years.
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Economic Insight advises Thames Water on regulatory options for complex projects
Economic Insight is advising a number of water companies in developing their strategic priorities for engagement with Ofwat in the next price control, PR24. Most recently, we advised Thames Water in examining the case for differential regulatory treatment of large and complex infrastructure projects and identifying practical options for deploying a differential approach. Our report has now been shared on Ofwat’s Future Ideas Lab page.
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Sam Williams on “The Path to Net Zero” at the Utility Week Future Networks Conference
Further to our sponsorship of the upcoming Utility Week Future Networks Conference, we are delighted to announce that Economic Insight co-founder, Sam Williams, will now be giving a talk the event. Sam will be speaking on “The Path to Net Zero” for the utilities sector at 11.30am on 29th March.
Meta class action claim filed with the Competition Appeal Tribunal
A class action claim against Meta, for which we are the economics advisors, has been filed at the Competition Appeal Tribunal (CAT). Please see here for further details.
Economic Insight sponsoring Utility Week Future Networks Conference
We are delighted to announce that Economic Insight will be sponsoring the upcoming Utility Week Future Networks Conference. This event sees the coming together of all UK energy networks to discuss the RIIO-2 price control round and the path to Net Zero for UK energy networks. The conference will be held in the Birmingham Conference and Event Centre on 29th March 2022.
Calculating the Social Return of Investment for Electricity North West
For the third year in a row, Economic Insight has worked with Electricity North West (ENWL) in support of its Stakeholder Engagement and Consumer Vulnerability (SECV) submission. Our work this year involved modelling case studies relating to projects that have been undertaken across ENWL’s business to calculate the Social Return on Investment (SROI) that they generate.
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Economic Insight advises in competition case against Meta
We are pleased to be advising Dr Liza Lovdahl Gormsen in relation to her class action against Meta on behalf of UK users of Facebook. The claim alleges that Meta has abused its dominant position to impose unfair terms and conditions on UK users of Facebook between October 2015 and December 2019. We are working with the legal teams of Quinn Emanuel and Monckton Chambers.
Please see here for further details: https://www.bbc.co.uk/news/technology-59964654
And here: 44 Million Facebook Users May Be Owed Billion (facebookclaim.co.uk)
Economic Insight Promotions
We are delighted to announce the following promotions this year, including the first Associate Directors at Economic Insight:
David Sookias has been promoted from Analyst to Consultant. Penelope Banks has been promoted from Consultant to Senior Consultant. Aastha Mantri and Ian Thompson have been promoted from Principal to Associate Director.
Their promotions recognise the fantastic contributions they have made to Economic Insight through their skills and ambition, and importantly their support for their colleagues and clients.
Well done!
ED2 Business Plan support
Economic Insight has worked with Electricity North West (ENWL) to support with its measurement of SROI for its ED2 Business Plan proposals. This project involved a comprehensive assessment of the social value of 35 of the 47 ED2 deliverables that were proposed in the Business Plan. To develop our modelling approach for this, we undertook a systematic review of the national framework then made the methodological adjustments that were necessary to bring the modelling work we had previously conducted for SECV submissions in line with the framework.
In addition to this, we performed a Quality Assessment for ENWL, which confirmed that only social benefits generated by ENWL’s actions were included in the forecasts. This comprised of a sense check of ENWL’s activity tracking estimates, and a review of the assumptions that they made to ensure that the assumptions were both plausible and realistic.