Latest Insights

Articles
At the time of writing this note, the health crisis caused by the COVID-19 pandemic has severely affected a number of EU Member States. In addition to the severe impact…
Articles
The decline in European public equity markets has sparked concern from policymakers about how to revive listings. Behind this overall declining trend, there is a notable variation between financial centres.…

The Economics of Climate Change at COP26

Oxera will be presenting on The Economics of Climate Change at COP26—the 2021 United Nations Climate Change Conference—in Glasgow, on one of the world leaders’ days on 2 November 2021. The aim of COP26 is to increase global alignment on climate action. We will be demonstrating to the world’s governments,… Read More

Image depicting The Economics of Climate Change at COP26

Assessment of proposals for an SMS merger regime

The UK Government is seeking feedback on proposals for what it describes as ‘a new pro-competition regime for digital markets’.1 While not currently part of its preferred option, the Government has stated that it is supportive of a dedicated merger regime for firms with Strategic Market Status (SMS) and… Read More

Image depicting Assessment of proposals for an SMS merger regime

A robust approach to determining the dynamic efficiency parameter for Dutch gas and electricity TSOs

Last year, ACM commissioned Oxera to conduct a study on dynamic efficiency for Dutch transmission system operators (TSOs). The objective of the study was to advise on the scope of productivity improvement that an efficient TSO could achieve over a regulatory period due to technological improvement (also referred to as ‘frontier shift’) or cheaper inputs. In particular, the aim of the analysis was to produce productivity growth estimates using Total Factor Productivity (TFP) and Output Price Index (OPI) measures, to be applied over the regulatory period starting in 2017 for TenneT (the electricity transmission operator) and Gasunie Transport Services (GTS) (the gas transmission operator). Read More

Default Image