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RESEARCH LAB
This is an exclusive space where we provide access to research, market intelligence, and expert insights on infrastructure investment, regulation, and financial modeling.
CAPM: a 1960s relic still steering today’s £200 bn UK infrastructure. Regulators continue to fix allowed returns with the Capital Asset...
Using CAPM to regulate infrastructure: A critique
01/08/25
Ofgem’s RIIO-3 Draft Determinations, released on 1 July 2025, set out headline cost-of-equity allowances. But the CAPM methodology to...
RIIO-3 Draft Determination: Step-by-step guide to calculating Cost of Equity
31/07/25
In 2015, the Thames Tideway Tunnel cleared at roughly 4% real Cost of Equity (CoE); this month, fresh capital for Sizewell C was priced...
Water DPC projects may require 9.2-9.6% Cost of Equity
30/07/25
Vallorii’s July roundtable convened investors, utilities, and regulators to examine how market shifts and project-specific risks are...
Roundtable July 23: Pricing risks in large infrastructure projects
24/07/25
Vallorii hosted a webinar on Thursday 26 June 2025, exploring the Cost of Capital in AR7 for Scottish offshore wind assets. We examined...
What is the Cost of Capital for AR7 CfDs?
25/06/25
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