PR19 - Cost Benchmarking Models

The objective of this work is to develop a suite of econometric cost models for our 2019 price controls. The models will provide a strong basis for setting an efficient cost allowance for water companies across the different price controls. The work will take into consideration lessons learnt from our PR14 econometric modelling approach and the CMA final determination following the reference made by Bristol Water. In developing the models we expect close collaboration between the Contractor and Ofwat's cost assessment team as well as with our academic advisors of the University of L…