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- W3022982912 abstract "Privatised water companies in England and Wales are subject to economic regulationby the Water Services Regulatory Authority (Ofwat). Ofwat sets 5-year caps on theprices that companies can charge their customers. These caps are in part based on thebenchmarking of companies’ costs. Ofwat has not previously used econometricbenchmarking to determine domestic retail costs, but will do so at the next price reviewin 2019. Our study is the first journal article to present an efficiency analysis ofdomestic water retail costs in England and Wales. Our approach is different fromOfwat’s, as we propose two new ways of accounting for differences in the effect oncost of the number of single and dual service customers (water / sewerage-only andwater and sewerage). We find that some companies’ cost efficiencies vary greatlybetween the two ways, which could possibly have non-negligible implications for theirprice caps." @default.
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- W3022982912 date "2020-05-04" @default.
- W3022982912 modified "2023-09-23" @default.
- W3022982912 title "Benchmarking water retail cost efficiency: Evidence for companies in England and Wales" @default.
- W3022982912 hasPublicationYear "2020" @default.
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