Translog opex cost function development
Our distribution benchmarking reports include productivity results from econometric opex cost function models. As a part of incrementally refining elements of the benchmarking methodology, we are continuing to examine options to improve the performance of these models and address some technical issues.
We initiated a review into the performance of these models with the release for consultation of Quantonomics’ phase 1 memorandum in November 2024. We received 7 submissions.
On 27 November 2025, we released, for consultation, Quantonomics’ phase 2 report. We received 6 submissions.