Role of long run marginal costs in the provision and regulation of water services
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The role of long run marginal costs in the
provision and regulation of water services
Contents
Summary
Report A: The role of LRMC in regulatory policy
1
Report B: Current estimates of LRMC
16
Report C: Guidance on LRMC estimation
37
Report D: Process for future LRMC submissions
54
Annex A: A note by Professor Ralph Turvey
62
Annex B: Summary of previous Ofwat guidance on LRMC
67
Glossary
70
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