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Economic Regulation
5 February 2008

You may be a regulator, utility, government agency, service industry association, or individual business. Whatever your perspective, you have an interest in gaining a reliable assessment of the comparative performance of one or more organisations within a particular industry.

You may need answers to these sorts of questions:

  • What are the key outputs the business produces and the outcomes it aims to achieve?
  • What has been the business' recent productivity performance? How far is the business from industry best practice?
  • What productivity improvements should the business be able to achieve given the performance of similar businesses?
  • How should the business' performance be adjusted to allow for factors beyond management control to ensure like with like comparisons?
  • Has the business' rate of return on capital been appropriate?
  • Are proposed X factors in CPI X regulation sensible given past and expected feasible productivity gains?
  • Have reliability standards been satisfactory?

    Meyrick and Associates have a long experience in the use of analytical frameworks to deliver robust answers to these types of questions.

    Benefits of using Meyrick

    Breadth of experience: We have extensive experience in advising companies and government agencies on performance measurement issues in the energy, transport and telecommunications industries.

    Our tools: We use quantitative and qualitative tools to help you better understand key business processes and practices in order to improve business performance. To ensure that comparisons are valid, we take account of the different operating environments and methods of service delivery used by organisations.

    Analytical rigour: We provide robust analysis using leading edge methods that will stand up to intense scrutiny. We work closely with Canadian Professor Erwin Diewert, one of the world s leading experts on performance measurement.

    Strategic and practical: We have a reputation for developing solutions that address our clients' needs in a practical and sustainable way.

    Long-standing partnerships: We value highly our long-standing relationships with our clients. We strive to build these relationships by working side by side with them rather than adopting a distant advisory position.

    Committed to professional excellence through multi-disciplinary learning: Our key source of competitive advantage is our practical and analytical resources. So we continuously invest in these through formal and informal learning for all of our staff.

    Some of our Projects

    New Zealand Commerce Commission: Benchmarking the efficiency performance of electricity and gas distributors and transmitters.

    Australian Competition and Consumer Commission: Measuring Australia Post's productivity performance.

    Power and Water Corporation: Benchmarking performance against other Australian electricity distributors.

    Department of Infrastructure Victoria: Evaluating relative performance of Victoria's container and bulk ports.

    Australian Transport Council: Benchmarking studies of national and international ports.

    Adsteam Marine Ltd: Benchmarking of towage industry performance.

    Essential Services Commission: Comparing the costs at other ports of specified activities for the Port of Melbourne.

    Fremantle Port Authority: Benchmarking of port prices in a comprehensive port pricing review.

  •  Download a Benchmarking brochure.

     
    Author: Meyrick and Associates
     
     











    Benchmarking

    We have extensive experience in advising companies and government agencies on performance measurement issues in the energy, transport and telecommunications industries.