BEREC Report Regulatory Accounting in Practice 2022

This is the eighteenth RA annual report which summarises the findings of a detailed survey of regulatory accounting systems in the regulatory context in access markets across Europe. Information has been gathered from National Regulatory Authorities (NRAs) and covers the implementation of regulatory cost accounting methodologies in the national market situations. As is it includes the state of play in terms of remedies of market regulation and focuses on price control, and the way in which it is defined in practice. The report provides also (i) elements about structural parameters of each country, (ii) WACC methodologies applied by NRAs and WACC values currently in force focusing on the implementation of the corresponding European Commission WACC Notice on the calculation of the cost of capital for legacy infrastructure.

The document offers an up-to-date factual report on the regulatory accounting frameworks implemented by NRAs and an assessment of the level of consistency achieved. Where possible, trends and comparisons with data collected in the past years are illustrated.

The report focuses on the analysis of services in key wholesale markets: Wholesale Local Access (former Market 3a/2014, now market 1/2020), Wholesale Central Access (Market 3b/2014) and Wholesale high quality access (former Market 4/2014, now market 2/2020).