This is a consultation on our proposed set of econometric models that we intend to use to help set efficient base expenditure allowances at PR24. It includes wholesale water, wastewater network plus, bioresources and residential retail models. This allows water companies to:
- account for early efficiency information in their PR24 business plans;
- focus more on long-term challenges; and
- submit high quality cost adjustment claims in June 2023.
We invite responses to this consultation by 12th May 2023 to [email protected]. Please use the consultation responses template saved here.
We will review responses ahead of our PR24 draft determinations, and consider making changes to our proposed cost models where appropriate.
Supporting analytical files, CEPA’s independent modelling report, and water company model suggestions are available here.