August 2009
Utility Week;8/7/2009, p10
Trade Publication
This article reports on the lack of detail revealed by the British Office of Gas & Electricity Markets (Ofgem) about the cost of capital it plans to use for the next five years. The pricing projections of Ofgem for the next price control period is based on the weighted average cost of capital (Wacc) used in the last price review. According to networks director Steve Smith, the regulator had taken the same approach at the previous price review. Bill Easton of Ernst & Young points out today's different economic climate.


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