“The UK’s regulated sectors face a range of challenges in the coming years, including attracting investment at a fair price for customers to support large-scale infrastructure improvements. For a number of years, UKRN’s work on Cost of Capital has played an important role in driving greater consistency in methodologies and increasing transparency.

My thanks to Andy Chesworth and Chris Connor for their leadership, and members of the Cost of Capital network as well as UKRN colleagues for producing this report, which highlights the importance and value of collaboration in driving better outcomes, for both consumers and regulated firms.”

“The cost of capital is a critical input for price control decisions and has significant impacts for both regulated businesses and consumers. This is reflected in the time and resources that we invest in this work, both within our own organisations and through the UKRN Cost of Capital network.

I’m grateful to the Working Group for their efforts as we continue to collaborate, expand our knowledge and share our learnings.”

 “Delivering significantly more economic infrastructure is vital for the future of the UK’s economy and environment. Getting those assets built requires significant private investment: by the Commission’s analysis, as much as twice the level of public investment that will be required.

 “In this context, reaching the right decisions on cost of capital is vital. The transparency and comparability that UKRN’s report provides is welcome, on a topic that affects both whether we will be able to deliver the infrastructure we need, but also what consumers will pay for that infrastructure.”