BEREC Report on WACC parameter calculations according to the European Commission’s WACC Notice of 6th November 2019 (WACC parameters Report 2026)

In this seventh BEREC Weighted Average Cost of Capital (WACC) parameters Report (hereafter WACC Report), BEREC calculates the WACC parameters following the non-binding European Commission 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 6 November 2019. The cost of capital is the core element in any regulatory pricing decision that NRAs make. The Notice aims to ensure a consistent calculation of the WACC by national regulatory authorities (NRAs), thereby contributing to the development of the internal electronic communications market.

As the Commission’s Notice has not changed, BEREC is following the same methodology (including ‘technical choices’) as in last year’s Report providing utmost continuity.