Corpus ID: 166218822

Response to Draft Determination Water service cost assessment models

@inproceedings{2014ResponseTD,
  title={Response to Draft Determination Water service cost assessment models},
  author={},
  year={2014}
}
  • Published 2014
On the basis of a detailed review of Ofwat’s modelling approach, independent peer review and evidence from a leading academic in the field, we conclude that the models Ofwat has used are fundamentally flawed. These model shortcomings are compounded by (i) Ofwat’s decision not to use real data from companies’ business plans in the models, and to rely instead on simple extrapolations of historic data (which in many cases are factually incorrect and do not take account of what companies will be… Expand