Oxera logo

Ducting the issue: what role might duct access play in an NGA environment?


Depiction of Where next for RPI – X?
11 minute read

Where next for RPI – X?

With concerns around company outperformance and information asymmetries playing strongly on the minds of economic regulators, the UK regulatory model has moved on from the ‘fixed price’ paradigm of ‘RPI - X’. Regulators have looked to set more challenging price settlements, while also rebalancing risks within regulatory contracts to protect against windfalls. The model now resembles the rate-of-return approach it was intended to replace. Is this the right way forward? And what alternatives might there be? Read More