Econometrics 150 · On-demand course
A one-hour recorded course from MCC Economics on how regulators use econometrics to compare the costs of electricity network companies. It walks through the steps of the benchmarking process and shows how the benchmark is calculated.
Econometrics 150 is delivered by MCC Economics practitioners who work on price controls and cost benchmarking for regulators and regulated companies.
Course lead
Director, MCC Economics
PJ has worked on price controls from the regulator's side and for regulated companies, including RIIO-2 work with Ofgem and the Utility Regulator for Northern Ireland.
Econometrics 150 is a one-hour on-demand course on econometric cost benchmarking. It shows how regulators compare the costs of monopoly electricity network companies, sets out the steps of the benchmarking process and explains how the benchmark is calculated. You get the video lecture, slides, a transcript and a quiz as soon as you buy.
You will be able to explain how a regulator turns cost data from network companies into a benchmark for efficient costs. The course is built around three outcomes.
The lecture follows the published agenda, and a quiz at the end tests your understanding.
These are terms you will meet in the course, in plain English.
| Term | Meaning |
|---|---|
| Econometrics | The use of statistical methods on economic data to measure relationships, such as how costs change with the size of a business. |
| Benchmarking | Comparing a company's performance or costs with those of similar companies. |
| Natural monopoly | An activity, such as running an electricity network, where one company can serve an area more cheaply than several competing ones. |
| Cost driver | A factor that explains why one network costs more to run than another, such as the number of customers or the length of its lines. |
| Regression | A statistical method that estimates the average relationship between costs and their drivers. |
| Efficiency gap | The difference between a company's actual costs and the benchmark, showing how far its costs could fall. |
It suits anyone who uses econometrics in practice or needs to understand how regulators judge network costs.
Econometrics 150 applies the techniques from earlier courses in the series to a real regulatory problem. Start with Econometrics 101 if the subject is new, and continue to Price Controls 150 to see how cost assessment feeds into a price control.
Browse every title on the MCC Economics courses page.
MCC Economics is an independent consultancy, founded in London in 2017, that provides economic and financial analysis to governments, regulators and businesses. Its regulatory economics and economic analysis work covers price controls in energy, water and aviation, for clients including Ofgem, Ofwat and the Civil Aviation Authority. Meet the team on the people page.
I am delighted to recommend PJ and his team from MCC Economics. They helped us with our price controls for Heathrow airport and for NATS (En Route) plc (the air traffic services provider).
See the instructor profiles near the top of this page for the current teaching team.
No. Econometrics 150 is available on demand only and no meeting is held. You watch the recorded lecture at your own pace.
A one-hour video lecture, the slides, an audio transcript and a quiz.
It helps. Econometrics 150 applies regression to a regulatory problem, so if econometrics is new to you, Econometrics 101 is the start of the series.
How regulators use econometric benchmarking to compare the costs of monopoly electricity network companies and calculate a benchmark for efficient costs.
The MCC Economics courses page lists Econometrics 150 from £32.68. The final price is shown at checkout on Eventbrite.
Checkout is handled by Eventbrite, where MCC Economics and Finance is the organiser. The button on this page takes you straight to the listing.
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Page last reviewed October 2026.
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