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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper Series ; No. 17
- Klassifikation
-
Wirtschaft
- Thema
-
Versorgungswirtschaft
Energiewirtschaft
Regulierung
Kapitalkosten
Italien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dell'Acqua, Alberto
- Ereignis
-
Veröffentlichung
- (wer)
-
Bocconi University, Centre for Research on Geography, Resources, Environment, Energy and Networks (GREEN)
- (wo)
-
Milan
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dell'Acqua, Alberto
- Bocconi University, Centre for Research on Geography, Resources, Environment, Energy and Networks (GREEN)
Entstanden
- 2021
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