The Oman Electricity Transmission Company (OETC) wanted to submit a robust Price Control submission and ensure that it received adequate cost allowances for sustainable operations.
The challenge involved developing fully justified submissions, meeting the demanding submission timescales. By partnering with QASR, OETC sought to leverage specialised expertise in regulatory strategy, financial modelling, and performance review.
We provided comprehensive support to OETC, managing the whole submission process from end-to-end. Our work with OETC encompassed a diverse range of activities, including a review of the last Price Control, determining the outturn financial and service performance. From this we presented to the Board and recommended a strategy going forward and a programme for the submission.
We then developed a detailed financial model for the current Price Control and the new Price Control submissions and the final determination. This was linked directly to OETC’s financial system and was able to automate the production of the financial data table submissions.
We provided strategic guidance and oversight throughout the Price Control Submission process and managed the whole submission process, working closely with the OETC staff. We drafted all regulatory communications and submissions for review, approval and issue.
Key elements of the project were to collate consistent information; the development of justifiable and robust business cases; international benchmarking of performance and costs; a detailed risk assessment and the use of a strong investment challenge process.
The project was completed with full training and knowledge transfer to enable OETC to undertake future Price Controls unilaterally.
The collaborative efforts yielded significant benefits resulting in a high-quality submission, timely completion, and a positive determination. The training and capacity building empowered OETC's team to navigate future regulatory processes with confidence and competence.
