CEPA mid-term review of EirGrid cost of capital published by the CER

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7th October 2013
CEPA has been commissioned by EirGrid, the electricity transmission system operator in Ireland, to undertake an independent assessment of EirGrid’s required weighted average cost of capital (WACC) for the remainder of PR3.
This assessment was commissioned in response to the Commission for Energy Regulation’s (CER) announcement of a midterm WACC review for PR3. CEPA has reviewed both backward looking and forward looking evidence in determining the appropriate WACC for 2014 and 2015.
The CER has published its consultation, and minded to position, on the appropriate WACC to apply to EirGrid and ESB Networks over the 2014-15 period. The CEPA report was published as part of EirGrid’s submission to the CER. CEPA is providing support to EriGrid in responding to the CER’s consultation. The CEPA report can be found here.