Updating a social valuation framework for a water company
Summary
Little Blue Research were approached to support the price review process of a UK water company in collaboration with an economics consultancy.
How we helped
Little Blue Research supported the review and update of the client’s social value framework including updated valuations.
Client description
UK based water company
Mid-size
Case study details
Main service: Peer review
Sector: Utilities
Assessment location: UK
Capital(s)
Challenges
• Understanding the existing social valuation model with only partial documentation.
• Including consideration of the likelihood and risk of different ‘events’ as part of the valuation model.
Outcomes
An updated version of the client’s social value framework including:
• health costs associated with changes in drinking water quality and employee health and safety
• noise and time disruptions associated with traffic and transport disruption during maintenance
• impact of pollution incidents on protected areas, sites of scientific interest and coast habitats.
A summary report documenting all changes and method development.
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