Electricity transmission price control review (2005)

Reckon has advised an electricity transmission company in Great Britain on aspects of Ofgem's price control review.

Work has focussed on how transmission infrastructure investment uncertainty associated with the need to connect new renewable generators to the network can be accommodated within the structure of the price control, whilst satisfying the regulator's statutory duty to minimise costs to consumers, which requires finding ways of reducing financial risks borne by companies whilst maintaining efficiency incentives.

Reckon has also assisted this client with financial modelling issues and with the design and implementation of the price control formula incorporated in its operating licence.

*Franck Latrémolière

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Reckon LLP is an economics consultancy with expertise in data analysis, economic regulation and competition law.