罗兰贝格_设计能够促进投资的定价框架-2026.pdfVIP

REPORT

Designingpricing

frameworksthat

enableinvestment

Turningpolicyambition

intoviableprojectsinthe

MiddleEastandbeyond

Management

summary

ariffframeworksforutilityservicesintheMiddleEastaredesignedtobalance

Taffordabilityforconsumerswithfinancialviabilityforoperatorsandattractiveness

forinvestors.Achievingthisbalanceisessentialfordeliveringcapital-intensivenetworks

suchaselectricity,waterandgasamongothersectors–assetsthatunderpinpublic

welfareandcompetitiveness.

Formanyyears,tariffsettingreliedonadhoc,project-specificnegotiationsbetween

authoritiesandutilityoperators.Theresultwasvolatilityandlimitedtransparency.

Regulatorshavesincemovedtowardrules-basedframeworksthatprovidegreater

predictabilityandstability.Theseincludecost-of-serviceregulation,incentive-based

modelssuchasCPI-XandRABandperformance-oroutput-basedregulation.

StructuredtariffmodelssuchastheseareparticularlyeffectiveintheMiddle

East,wherestate-ledsectorsandlarge-scaleinfrastructureinvestmentisessential.

Affordabilityisbestprotectedthroughsubsidiesordirectsupportforlow-income

consumersratherthancross-subsidies.Evenwheredatagapspersist,regulatorscan

maintainconfidencethroughperiodicreviewsandadjustments.

Whenitcomestoimplementation,designiscrucial.Transpar