Services

Mike Woods Consulting provides expert development, review and independent assurance of financial models used in regulated infrastructure. This is the largest part of our work, spanning regulators, regulated businesses and their advisers.

• Building and reviewing regulatory financial models for price controls and licence applications
• Modelling revenue building blocks, regulatory asset values, depreciation and cost of capital
• Independent assurance of models used to set regulated charges or support investment decisions
• Risk-based model review — assessing the sensitivity of decisions to errors and modelling assumptions
• Training and capacity-building for organisations that commission, build or review financial models

Recent clients include Ofgem (RIIO-3, CCUS and Nuclear RAB), the Commission for Regulation of Utilities (PR5 and PR6), the Civil Aviation Authority (Heathrow H7) and the European Bank for Reconstruction & Development.

We provide analytical support on the management and valuation of large, long-lived infrastructure asset portfolios across energy, transport and water sectors.

• Whole-life cost modelling and asset condition assessment
• Modelling asset age profiles, service lives and replacement strategies
• Major project deliverability assessments and cost benchmarking
• Analysis of infrastructure asset base transitions toward net-zero
• Independent review of capital programme costs and delivery assumptions

Asset management work has been undertaken for Ofgem, Network Rail, Transport for Wales, Transport for London and the Office of the PPP Arbiter.

We advise on the design and implementation of regulatory frameworks across the UK's regulated infrastructure sectors — energy, water, transport and aviation.

• Design of price controls, incentive mechanisms and uncertainty adjustments
• Cost benchmarking and efficiency analysis
• Reviewing regulatory reporting and data submissions
• Bill impact modelling and water poverty analysis
• Advising on new asset class regulatory frameworks, including offshore transmission

Regulatory clients include Ofgem, the Commission for Regulation of Utilities, the Civil Aviation Authority, the Office of Rail and Road and Water UK.