BEREC Report on WACC parameter calculations according to the European Commission's WACC Notice of 6 November 2019

In this second BEREC Weighted Average Cost of Capital (WACC) parameters Report BEREC calculates the WACC parameters following the non-binding Commission’s WACC Notice on the calculation of the cost of capital for legacy infrastructure in the context of the Commission’s review of national notifications in the EU electronic communications sector of 6th Nov. 20191. The cost of capital is the core element of any regulatory pricing decision NRAs take. The Notice aims to ensure a consistent calculation of the WACC by NRAs thereby contributing to the development of the internal electronic communications market.