Interim Econometrician Support on Cost Assessment

Purpose On 13 December 2017 we published our final methodology for the 2019 price review (PR19). This set out our approach to securing cost efficiency and outlined how we will assess company costs and set efficient cost baslines for water companies at PR19. We will use comparative assessment to form a view of comparative efficiency in the sector. This includes: • econometric models for cost benchmarking - these models will cover the majority of companies' costs; and • a separate assessment of cost items that ar...