Equity wedge principles - CEPA (2010)
- Content:
- Correspondence and other
- Publication date:
- Last updated:
- Topic:
- Energy network price controls, Electricity transmission, Gas transmission
- Industry sector:
- Distribution Network,
- Transmission Network
Ofgem’s working paper on financeability includes a proposal for notional gearing to be adjusted for risk to provide an equity buffer against downside risks. This note maps out some of the principles to be considered should the approach be pursued.