Arbeitspapier
Economic and technical issues in the assessment of the regulatory WACC for utilities
In this discussion paper I review and discuss the main economic and technical issues affecting the Regulatory WACC assessment in the sector of regulated utilities. I focus on three main compelling issues (the estimation of the risk-free rate, the treatment of risky debt, the calculation of the equity risk premium), for which I analyse the proposed approach of the Italian Regulatory Authority for Energy, Networks and Environment (ARERA) and some alternative viewpoints that can fulfil the current debate. Moreover, I also analyse some minor technical issues relating the consideration of a small size risk premium in the cost of capital estimation and the optimal investment level.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper Series ; No. 17
- Classification
-
Wirtschaft
- Subject
-
Versorgungswirtschaft
Energiewirtschaft
Regulierung
Kapitalkosten
Italien
- Event
-
Geistige Schöpfung
- (who)
-
Dell'Acqua, Alberto
- Event
-
Veröffentlichung
- (who)
-
Bocconi University, Centre for Research on Geography, Resources, Environment, Energy and Networks (GREEN)
- (where)
-
Milan
- (when)
-
2021
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Dell'Acqua, Alberto
- Bocconi University, Centre for Research on Geography, Resources, Environment, Energy and Networks (GREEN)
Time of origin
- 2021
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