Report on risk and return published as part of CMA redetermination

CEPA, in continuing to support Ofwat as Delivery Partner on the PR24 water sector price controls throughout the Competition and Markets Authority redetermination, has published evidence on the cost of capital.

Immunisation: a critical pillar of climate adaptation

Gavi, the Vaccine Alliance has published a technical paper, developed with support from CEPA, which makes the case for the integration of immunisation as an effective anticipatory measure into climate adaptation strategies.

CEPA immersive work experience

We were delighted to welcome three Economics A-Level students for a two-day immersive course at CEPA. We introduced the students to the world of economic consultancy and shared insights into some of our key sectors - energy, water and global health.

Estimating the asset beta for BT Group

CEPA has been commissioned by Ofcom, the UK's regulator for communications services, to provide an independent view of relevant betas and other weighted average cost of capital parameters in support of the Telecoms Access Review 2026.

Analysis of the deterioration in A&E performance across the NHS in England

CEPA's statistical analysis of A&E performance data across NHS trusts considers the influence of NHS-wide factors, the significance of regional variation and the extent of differentials across individual trusts.

The capacity market debate: What is the underlying market failure?

Utilities Policy, a leading peer-reviewed journal for the utilities community, has published a paper co-authored by CEPA Senior Advisor, Darryl Biggar.

Setting the cap and floor for long duration electricity storage

Earlier this week, the UK’s Department for Energy Security and Net Zero published a joint government and Ofgem technical decision document, which confirms details of the long duration electricity storage cap and floor scheme and how it will operate.

The National Payments Vision: What are its chances of success?

Payment ecosystems have evolved significantly in recent years – but the UK is no longer the leader it once was. Hence the new National Payments Vision (NPV) outlined by Rachel Reeves in her Mansion House speech in late November. We examine the drivers behind the NPV and its chances of success.

Report on cost of capital for Heathrow H8 price review

CEPA, on behalf of the International Air Transport Association, publishes review of Civil Aviation Authority view on the cost of capital for the H8 price control.

A ‘broken’ NHS, £22.6bn and a big reform agenda

In the context of an ambitious government reform agenda and the Autumn Budget, this CEPA report reviews the state of the NHS and provides a strategic assessment of the government’s policies and plans.

Advice about the regulation of distribution connection charges provided to the New Zealand Electricity Authority

CEPA was engaged to prepare a report on the regulation of one-off or upfront charges that are typically triggered by the creation of a new connection – or the upgrade of an existing connection – to a distribution network.

Final regulations published for a forthcoming mmWave spectrum auction

Ofcom, the UK communications regulator, has published final regulations for a mmWave spectrum auction in the 26 GHz and 40 GHz bands. The approach balances competitive allocation in high density areas with first come, first served in low density areas.

Dr Jonathan Mirrlees-Black

The Board of Cambridge Economic Policy Associates Pty Ltd (“Company”) and its related entities wishes to announce that one of its directors, Dr Jonathan Mirrlees-Black, has decided to resign from the Company to pursue other opportunities.

Mobile takeaway: trick or treat?

A study looking at the relationship between market concentration, market dynamism and investment shows a complex story in high-tech industries like telecoms. It seems concentration can facilitate higher investments, in part in a race to lower unit costs through scale and this may be associated with intensified competition.

Price control for Northern Ireland Electricity Networks: Final Determination published

CEPA is pleased to have supported the economic regulator for electricity in Northern Ireland, which has approved an investment package for Northern Ireland Electricity Networks (NIEN) of £2.23 bn in its seventh regulatory price control for NIEN, which will run from April 2025 to March 2031.

Is Europe handicapped in high-speed/capacity broadband networks?

CEPA's Chris Doyle considers The Draghi Report “The Future of European Competitiveness”, which claims that regulation and competition policies have disincentivized consolidation in the high-speed/capacity broadband telecoms networks sector.

CEPA continues to grow with additional consulting staff in the UK

We are delighted to welcome eight new members of the CEPA consulting team in London, with two directors, two consultants and four economists adding to CEPA’s expanding pool of people to support our clients.