Our services related to the WACC (weighted average cost of capital) and its determination - Zelya Energy Consulting firm and Financial experts and analysts
WACC (capital asset pricing model, cost of debt...) of wind farm projects and other assets
(Approach to European Wind Power markets, Economic and Financial Feasibility of Wind Energy - Case Study of ), Wacc of solar plants (Solar Power Plant Pre-feasibility Study), combined cycle gas turbins, gas and power network operators (Assessment of the WACC in the transmission price control review A Framework for Quantifying Estimation Error in Regulatory WACC, conventional thermal power plants (coal, fuel, nuclear...) Nuclear problems
Recent articles from Zelya Energy (mission with the CRE, french energy regulator www.cre.fr : Cost of capital - WACC in utility industry, electricity and gas and Newsletter http://www.zelya.com/Bulletin%20fev08%20_%20CMPC%20rentabilite,%20gaz%20et%20electricite,%20liberalisation,%20approvisionnements.pdf
Regulators work on the determination of appropriate WACC values applying to gas and electricity infrastructures, in order to determine the operator revenues, deduced from the Regulated Asset Base perimeter Scottish Power - Independent Gas Transporter Charges and Cost of capital
Companies and energy groups of the energy sector (and utilities) (natural gas such as Distrigas, fluxys, Enagas, GRTgaz, TIGF, Snam Rete gas, Eon, or electricity market and players as RWE, RTE, GRTN, Elia, Poweo, Electrabel, Suez, Gaz de France, Veolia...) present different kind of activities (regulated and un regulated) wich directly impacts the value of WACC parameters.
The capital asset pricing model, the cost of debt, credit spread, market premium of the Weighted Average Cost of Capital (http://www.investopedia.com/terms/w/wacc.asp) depends on various elements and parameters: financial crisis with higher volatility... the asset beat will depends on the regulatory framework, the country of the investment and its currency : some risk factors have to be clearly determine in advance for a right valuation of energy projects
PowerNet Revenue 09 Draft
Our experts know how to determine and calculate the final WACC value, for different kind of asests: wind farm, portfolios, solar plants, ... in 2008 2009, the financial environment has changed a lot, with new rules for approximating the value of each parameter
NSW Treasury AER WACC review submission.doc
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Our latest article -
The cost of capital for gas and electricity
infrastructures: Practices in the financing
firms and methods employed by regulators
We respond to key investor concerns:
by calculating and precisely determining
WACC parameters
by including essential variables in
our calculations: country risks, exchange rates, regulated tariffs,
revenues on the market or guaranteed by the State...
...and
quantifying their impact on
the WACC value for the asset concerned
Weighted Average Cost of Capital (WACC) is one of the key elements in calculating the price of an asset or an energy project. The energy sector comprises a wide variety of players and infrastructures, often combining regulated and unregulated businesses...
Over the last few years, we have produced several reports on WACC and its “breakdown" depending on the type of infrastructure. Our customers benefit from this knowledge, combined with our expertise in the energy sector .
