UKRN documents
The UKRN investor guide explains the regulatory frameworks in five key sectors – aviation, energy, telecoms, rail and water. It provides an overview of regulated infrastructure sectors in the UK, explains the legal aspects of the regulatory regimes and how they operate in practice, and highlights the drivers of investment needs in each of the five sectors.
The March 2023 UKRN guidance for regulators on the methodology for setting the cost of capital sets down 9 recommendations on how signed-up regulators (including Ofwat) should set the allowed return on capital. Ofwat has committed to have due regard to these recommendations in its future price control decisions, which should make future decisions on the allowed return more consistent and predictable for affected stakeholders. The guidance will be subject to a periodic review by UKRN to ensure its recommendations remain up-to-date.
City briefings
- 20 December 2019 – transcript PR19 Final Determinations
- 19 July 2019 – recording
- 19 July 2019 – transcript and slides
- 31 January 2019 – recording
- 31 January 2019 – transcript
- 13 December 2017 – recording
- 13 December – transcript and slides
- 12 July 2017 – PR19 speeches
- 12 July 2017 – PR19 slide pack
- 12 July 2017 – PR19 transcript
- 25 May 2016
- 10 December 2015
- 29 August 2014
- 4 April 2014
- 9 August 2013
- 31 January 2013
Conference calls
- Final determinations (12 December 2014)
- Final determinations conference call transcript
- Protecting customers where there are material totex differences (6 August 2014)
- May draft determinations (30 May 2014)
- Pre-qualification decisions (10 March 2014)
- Risk and reward guidance (27 January 2014)
Roundtables
- Financial resilience and PR24 risk and return discussion papers – investor roundtable (24 January 2022) – Full slide deck
- Financial resilience and PR24 risk and return discussion papers – investor roundtable 2 (24 January 2022) – Full meeting recording with slides
- Financial resilience and PR24 risk and return discussion papers – investor roundtable 1 (24 January 2022) – Full meeting recording with slides
- PR24 and beyond – Creating tomorrow together – Investor Roundtable (13-14 July 2021) – Slides
- PR24 and beyond – Creating tomorrow together – Investor Roundtable (14 July 2021) – Full meeting recording with audio and slides
- PR24 and beyond – Creating tomorrow together – Investor Roundtable (13 July 2021) – Partial meeting recording with audio only