Imrecon

Imrecon has experience of advising on or drafting licence terms, notably the specification of price cap, trigger and error correction formulae , ring-fencing provisions and regulatory accounting requirements.  Imrecon also has experience of developing and drafting regulatory accounting guidelines.

Imrecon's general approach is to help secure a systematic link between the relevant terms of the licence and the policy intent/

In some cases, it may be appropriate to model the effect of licence terms to ensure they replicate the intended effect or reorganising an impact assessment model to show the logical steps in a form that can be translated directly into licence terms, e.g. price control formulae.