			Home About us Contact

Water Authorities (water + authority)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	80%

Selected Abstracts

The impact of privatization and regulation on the water and sewerage industry in England and Wales: a translog cost function model

MANAGERIAL AND DECISION ECONOMICS, Issue 6 2000
David S Saal
After the ten Regional Water Authorities (RWAs) of England and Wales were privatized in November 1989, the successor Water and Sewerage Companies (WASCs) faced a new regulatory regime that was designed to promote economic efficiency while simultaneously improving drinking water and environmental quality. As legally mandated quality improvements necessitated a costly capital investment programme, the industry's economic regulator, the Office of Water Services (Ofwat), implemented a retail price index (RPI)+K pricing system, which was designed to compensate the WASCs for their capital investment programme while also encouraging gains in economic efficiency. In order to analyse jointly the impact of privatization, as well as the impact of increasingly stringent economic and environmental regulation on the WASCs' economic performance, this paper estimates a translog multiple output cost function model for the period 1985,1999. Given the significant costs associated with water quality improvements, the model is augmented to include the impact of drinking water quality and environmental quality on total costs. The model is then employed to determine the extent of scale and scope economies in the water and sewerage industry, as well as the impact of privatization and economic regulation on economic efficiency. Copyright © 2000 John Wiley & Sons, Ltd. [source]

Project Appraisal and Capital Investment Decision Making in the Scottish Water Industry

FINANCIAL ACCOUNTABILITY & MANAGEMENT, Issue 1 2000
Paul Coleshill
Restructuring the Scottish water industry has changed the way in which both project appraisal and capital investment decisions are performed. This article examines the project appraisal and subsequent capital investment decision in the case of a reed bed sewage treatment scheme which is compared with a more traditional scheme. Although the capital profiles of the schemes are similar there are major differences in the revenue costs. In addition, there are potential public benefits to the reed bed scheme. A comparison is made of management mechanisms in the pre-1996 water industry with that of restructured water authorities. In the pre-1996 water industry, local authorities had a broad remit which encouraged them to value these factors, in effect an implicit social account. The creation of water authorities with narrow remits and specific performance measures, constructed a framework that does not support the integration of social accounts into the decision making process. The paper demonstrates that investment appraisal is a product of the institutional framework in which the decisions are made. As that framework changes, mechanisms and measures of accountability shift in parallel. [source]

The development of competition in the English and Welsh water and sewerage industry

FISCAL STUDIES, Issue 2 2001
John W. Sawkins
Abstract This paper examines the introduction of competition into the English and Welsh water and sewerage industry following privatisation of the 10 regional water authorities in 1989. It outlines the development of comparative, capital and product market competition, arguing that the greatest opportunities now lie with the last through the introduction of common carriage agreements, the extension of Inset appointments and the introduction of transferable abstraction licences. Despite competitive innovations, the industry remains highly regulated, complex and difficult to enter. One of Ofwat's outstanding challenges for the next decade is to examine the means by which the regulatory burden might be lightened and barriers to entry lowered, to encourage potential entrants to compete with incumbents. [source]

IHMS,Integrated Hydrological Modelling System.

HYDROLOGICAL PROCESSES, Issue 19 2010
Part 2.
Abstract The integrated hydrological modelling system, IHMS, has been described in detail in Part 1 of this paper. The system comprises three models: Distributed Catchment Scale Model (DiCaSM), MODFLOW (v96 and v2000) and SWI. The DiCaSM simulates different components of the unsaturated zone water balance, including groundwater recharge. The recharge output from DiCaSM is used as input to the saturated zone model MODFLOW, which subsequently calculates groundwater flows and head distributions. The main objectives of this paper are: (1) to show the way more accurate predictions of groundwater levels in two Cyprus catchments can be obtained using improved estimates of groundwater recharge from the catchment water balance, and (2) to demonstrate the interface utility that simulates communication between unsaturated and saturated zone models and allows the transmission of data between the two models at the required spatial and temporal scales. The linked models can be used to predict the impact of future climate change on surface and groundwater resources and to estimate the future water supply shortfall in the island up to 2050. The DiCaSM unsaturated zone model was successfully calibrated and validated against stream flows with reasonable values for goodness of fit as shown by the Nash-Sutcliffe criterion. Groundwater recharge obtained from the successful tests was applied at various spatial and temporal scales to the Kouris and Akrotiri catchments in Cyprus. These recharge values produced good estimates of groundwater levels in both catchments. Once calibrated, the model was run using a number of possible future climate change scenarios. The results showed that by 2050, groundwater and surface water supplies would decrease by 35% and 24% for Kouris and 20% and 17% for Akrotiri, respectively. The gap between water supply and demand showed a linear increase with time. The results suggest that IHMS can be used as an effective tool for water authorities and decision makers to help balance demand and supply on the island. Copyright © 2010 John Wiley & Sons, Ltd. [source]