The regulated asset base – the concept, tradeable RABs, the split cost of capital, and pay-as-you-go versus pay-when-delivered

Origins and context The regulated asset base (RAB) was brought in after privatisations. When the initial prices to customers were set, they were essentially based upon what current pre-privatisation charges had been, in some cases juiced up to attract more investor interest and a higher value at privatisation. These initial prices, carried across to the [ ] The post The regulated asset base – the…