Letter from the editor

Dear reader,  Since launching Agenda as a monthly publication in 2005, it has been our ambition to provide you with engaging and relevant insights underpinned by economics as it applies to business, markets, law and regulation.

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Blinded by the sun: the future of renewables disputes

The deployment of renewable energy technologies looks set to continue to grow. However, it can be challenging to integrate these technologies into existing policy frameworks and energy systems. Renewables have also been prone to legal disputes, as illustrated by recent cases brought against the Spanish government. As such disputes become more commonplace, a range of economic, financial and public policy issues will need to be examined

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New kid (needed) on the block? Vertical Block Exemption Regulation in the digital age

The recent rise of ecommerce has triggered debate around vertical agreements between suppliers and distributors/retailers. Against this backdrop, is the European Commission’s current Vertical Block Exemption Regulation (VBER) still fit for purpose, or should it be revised? Do its Guidelines on Vertical Restraints (VGL) also need to change? Drawing on Oxera’s response to the Commission’s 2019 consultation, we discuss a few areas where revision and further guidance might be welcome

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Water sector draft determinations: a stocktake

Ofwat’s July 2019 draft determinations for water companies in England and Wales signal that the regulator is toughening its stance on allowed returns, cost efficiency and performance incentives. Credit rating agencies have provided their own thoughts on what this means for the sector. We go under the bonnet to explore the detail

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State of play: what’s going to happen with UK freight after Brexit?

The Prime Minister of the UK, Boris Johnson, has pledged to deliver Brexit on 31 October 2019, without further delays, whether or not a deal is in place. Retailers and manufacturers are preparing their supply chains, with companies and organisations reviewing their distribution networks and, in many cases, stockpiling inputs. On 18 August, a UK government report on the detailed preparations and scenario modelling undertaken by HM Treasury was leaked to The Sunday Times. In this article, we review some likely sources of friction and delay and quantify the potential impact on supply chains.

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