Risk and profit: unanswered questions about the strategic review of water charges 2006-10

Jim Cuthbert; Margaret Cuthbert; Brian Ashcroft

Risk and profit: unanswered questions about the strategic review of water charges 2006-10

Jim Cuthbert, Margaret Cuthbert, Brian Ashcroft (Editor)

Economics

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Abstract

In a paper in the January 2006 issue of this Commentary, [Cuthbert and Cuthbert, 2006], we identified a number of errors in the financial control of the water industry in Scotland. These errors had resulted in serious overcharging in the strategic review 2002-06, with, we argued, knock on effects to the 2006-10 period. A meeting with the Chairman of the Water Industry Commission, Sir Ian Byatt, was held on 22nd February at the Scottish Parliament to discuss one particular symptom of this, the high levels of new capital expenditure funded out of revenue in the water industry in Scotland.

Original language	English
Pages (from-to)	40-46
Number of pages	7
Journal	Quarterly Economic Commentary
Volume	31
Issue number	1
Publication status	Published - Jun 2006

Keywords

Fraser of Allander Institute
Scottish economy
utility pricing
water charges

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FEC_31_1_2006_CuthbertJCuthbertMFinal published version, 332 KBLicence: Unspecified

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abstract = "In a paper in the January 2006 issue of this Commentary, [Cuthbert and Cuthbert, 2006], we identified a number of errors in the financial control of the water industry in Scotland. These errors had resulted in serious overcharging in the strategic review 2002-06, with, we argued, knock on effects to the 2006-10 period. A meeting with the Chairman of the Water Industry Commission, Sir Ian Byatt, was held on 22nd February at the Scottish Parliament to discuss one particular symptom of this, the high levels of new capital expenditure funded out of revenue in the water industry in Scotland.",

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KW - Scottish economy

KW - utility pricing

KW - water charges

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Risk and profit: unanswered questions about the strategic review of water charges 2006-10

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