| NOTAS: | "The goal of the Report is to enable NRAs to make use of the results of the calculations when setting the WACC in their national regulatory decisions. By explaining precisely and transparently how the results were derived NRAs can replicate the results shown in the WACC parameters Report. This ensures that NRAs are confident that the results are robust and were derived using state of the art professional standards as well as following the Notice as closely as possible taking into account also best regulatory practices where the Notice provides for NRAs’ flexibility. The novelty of the Notice and, as a consequence, the WACC parameters Report is the calculation of an EU-wide ERP (equity risk premium). Based on the calculations described in the Report, BEREC considers that the appropriate value of the single EU-wide ERP is in the margin of 4.18% and 5.31%. For reference by NRAs, the Report is to be published before 1st July 2020 when the Commission starts applying the Notice when reviewing NRA’s notifications in the EU electronic communications sector." |
