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Ofwat has published a report by Europe Economics on the use of comparators in utility regulation. The report analysed different possibilities for what is compared, how comparisons are made, and how the results are used, drawing on examples from a number of different utility regulators. The report also provided recommendations on how Ofwat might use comparators going forward.
DG MARKT has published Europe Economics' work on Directive 2004/17/EC, which extends the EU Public Procurement rules to the utility sectors. This work estimates for the first time the value of the procurement subject to this Directive and assesses, given the changes in the utility sectors since the introduction of the Directive, the continued rationale for applying the Directive to the utility sectors.
DG MARKT has published Europe Economics' work on the quantification of the benefits of the EU Procurement Directives. This work estimates econometrically the relationships between improved procurement practice and final values of specific awards of contracts, on one hand, and the number of bidders, on the other, using the database on contract award notices published in the Official Journal of the European Union.
Article by Stefano Ficco and Saattvic for Competition Law Insight on whether the super-complaint regarding excessive online transaction surcharges by the consumer organisation Which? to the OFT is economically justifiable.
As Royal Mail faces an extraordinarily challenging period, one of the most powerful regulatory techniques with which it and the regulators will be engaging is LRAIC. Europe Economics' new report for Postcomm explaining how these concepts should be applied in the postal sector has been published.