Networks Regulation

We have extensive knowledge and experience in managing and delivering successful price control negotiations under RIIO and RPI-X, including:

• Benchmarking and process efficiency reviews to determine efficient opex and capex costs;
• Preparation or critique of robust and compelling business and capital plans;
• Financial modelling to set allowed revenues and expected returns;
• Development and implementation of regulatory reporting and cost frameworks;
• Design of tariff structures including supporting marginal cost studies; and
• Stakeholder and shareholder engagement to ensure outcomes are well understood and delivered.

We have experience in helping network operators develop business and regulatory strategies to achieve value for both the business and customers including:

• Support management in the development of a company’s strategic goals and priorities;
• Develop and track business outputs and supporting primary and secondary key indicators;
• Influence regulatory policy to ensure value is retained and the right behaviours are incentivised and rewarded;
• Use best practice and benchmarking to drive business improvement and deliver value for the company and its customers; and
• Advice on the restructuring of monopoly infrastructure businesses either to realise efficiency gains through consolidation or to support divestment.

Several of our senior practitioners bring in-depth experience in developing and implementing competition in retail, wholesale, metering and connections as well extensive knowledge of regulatory policy best practice across the UK Utility sectors and globally:

• Analysis and design of vertical and horizontal separation to facilitate competition;
• Influence of policy to ensure effective competition whilst achieving shareholder value;
• Implementation of business separation and reporting;
• Deliver the legal and monitoring frameworks to ensure compliance; and
• Manage regulatory investigations to a satisfactory outcome.