IHS CERA Capital Cost Analysis Forum - European Power
IHS CERA Capital Costs Analysis Forum – European Power helps corporate planners, regulators, and investors understand evolving trends, the effect of the economic recovery path on costs and the signposts to heightened volatility.
The IHS CERA Capital Costs Analysis Forum - European Power helps utilities companies and power generators to better monitor, forecast and manage costs within their portfolios of projects and to discuss costs from a strategic point of view with regulators and investors. At the core of the IHS CERA Capital Costs Analysis Forum - European Power is the Power Capital Costs Index (PCCI), a tool used for monitoring the current state of the European construction cost environment. Similar to the Consumer Price Index (CPI), the PCCI consistently measures a fixed basket of input - in the PCCI's case those associated with the construction of a portfolio of power generation facilities.
The European portfolio is a balanced representation of all the major regions as well as fuels and technologies. The forum also tracks and reports data on individual markets that drive construction costs such as:
- Engineering rates
- Bulk materials
- Engineered equipment
- Other factors
The forum looks into the future using a structured, scenario-based methodology. IHS CERA analysts apply their expertise and industry knowledge to frame changes in PCCI values against larger issues such as shifts in industry fundamentals or regulatory shocks, as described in the IHS CERA long-term Global Energy Scenarios.
The forum also aspires to create a dialogue among private investors and public regulators concerning rising project costs. IHS CERA hosts interactive workshops to foster these conversations, the results of which support subsequent versions of the CPPI.
Forum members receive the following services:
- Two sets of semiannual reports
- IHS CERA website access
- Telephone and email access to research staff
Who uses the service? How? Corporate planners and executives in regional utilities To understand the strategic implications associated with changes in the European power capital costs environment European power generators To compare various generation technology types and costs associated with them Regulators To gather information on specific input costs Financial institutions (Investors) To understand investment opportunities
The major benefit of forum membership is access to unique, timely insights concerning project costs, their direction and the strategic implications associated with changes in the global and European cost environment. By developing and monitoring a set of indicators specifically designed to reflect the critical issues in project development, forum members will be able to better understand strategic issues such as
- What is the actual versus estimated rate of inflation for large projects?
- How do development costs vary by European country?
- How do different generation technology types compare?
- How does a firm’s specific portfolio of projects compare to the IHS CERA Capital Costs Analysis Forum indexes?