Keith Palmer
Further Papers on Utility Regulation/Climate Change
Financing Water Investment - Impact of Regulatory Change beyond 2005
Keith Palmer presentation to Water UK City Conference, 2003. Available on request.
Has RP1-X Price Regulation outlived its usefulness?
Article in Utility Week, 2001. Available on request
Financing the UK Water Industry
Chapter in 'Water, Sustainability and Regulation', 2003. The paper considered the evidence for a 'flight of equity' and argued that it was caused by the regulator setting the allowed cost of equity below the true cost in the 1999 price control review. Available on request.
Setting the scene for PR 2004
Presentation to OXERA Conference, 2002. The paper summarised the key issues confronting Ofwat at the start of the 2004 price control review process. Available on request.
Financing the UK Water Industry
Paper in Utilities Journal, 2003. The paper is a shortened version of the paper in 'Water, Sustainability and Regulation'. Available on request.
Financing the UK Water Industry - lessons from the 2004 Price Control Review
PDF 299kb
Download 'Financing the UK Water Industry - lessons from the 2004 Price Control Review' paper (pdf 0.31mb)
Indexing the Allowed Rate of Return
A CEPA paper prepared for, and published by, Ofwat and ORR.
Download 'Indexing the Allowed Rate of Return' paper (pdf 0.35mb)
Value Creation in the Privatised Utilities
Valuing Energy Utilities
An executive education programme presented annually 1998-2001. Details available on request.
Utility structure, competition and regulation: a view from the financial services industry
Presentation to Utility Congress Annual Meeting, 1997. The paper argues that the then-industry structure was not sustainable and that the emergence of integrated generation-supply businesses and separate regulated network businesses would maximise value and customer benefits. Available on request.
International Utility Investment and Financing
Financing Global Water
Presentation to Financial Times Global Water Conference, 2000. Available on request.
Renewable Energy/Climate Change
Financing Climate Technologies
Keith Palmer, presentation to Royal Institute of International Affairs Delivering Climate Technology Conference, 2003. The paper argues that large scale financing of renewable technologies will require greater certainty about the future price of carbon over the life of the renewable plant. It suggests a market mechanism for establishing a forward price curve for carbon. Available on request.
Determining the contribution of renewables to the security of UK Energy Supply
A CEPA/Climate Change Capital note commissioned by Ofgem, 2005. Summary available on request.
Assessment of the benefits from large scale deployment of certain renewable technologies
CEPA/Climate Change Capital report for Ofgem, 2005. Keith was the lead author. Summary available on request.