Menu regulation and lessons from RORE: Briefing 2 in CEPA's key questions for RIIO-GD2 and T2 series

Home > News Archive > Menu regulation and lessons from RORE: Briefing 2 in CEPA's key questions for RIIO-GD2 and T2 series
17th July 2017

The ‘IQI’ menu is a core element of Ofgem’s incentive-based approach to regulation. But network companies have outperformed their totex allowances – is this because the IQI is not causing them to reveal their true efficient costs as expected? If so why and what can be done to improve the incentives to reveal efficient costs?


Download CEPA's briefing: MENU REGULATION AND LESSONS FROM RORE

By:

Ian Alexander
Ian Alexander, a director and regulatory economist with almost 25 years’ experience of supporting regulators and companies in price reviews. He has worked extensively with Ofgem on both traditional and innovative regulatory issues.

Ben Shafran
Ben Shafran, an experienced regulatory economist and manager. He has played a key role in the development and implementation of regulatory approaches, including the RIIO framework, that set the benchmark for innovation and transparency while balancing the interests of consumers and investors.