Department of Energy (DOE) Case Study

Discover how we supported the Abu Dhabi Department of Energy in regulating district cooling services under Decision 44. From financial model reviews to efficiency benchmarking and cost comparisons, learn how our expertise ensured fair outcomes for customers and sustainable practices for service providers.

What they Needed

The Abu Dhabi Department of Energy sought expert guidance to regulate the district cooling sector effectively, ensuring fair pricing and operational efficiency. They required in-depth analysis of financial models, licencing reviews, and benchmarking to assess the performance and cost-efficiency of district cooling providers. A critical focus was evaluating whether customers were receiving value for money compared to conventional cooling alternatives, while maintaining a robust framework for the regulation of economic clauses under Decision 44.

How we Helped them?

Regulation of District Cooling Services

For the past two years, we helped the Abu Dhabi Department of Energy with their regulation of district cooling, with a focus on the economic clauses listed in Decision 44. This involved analysis and review of financial and levelised cost models submitted by district cooling service providers, including: •PAL Cooling; •Tabreed; and •Manazel Licencing reviews of district cooling providers was also carried out, including reviews of debt portfolios and debt clauses for Tabreed and PAL Cooling Services. We use district cooling benchmarks, for capex, opex and the cost of capital, to assess the efficiency of ~30 district cooling plants in Abu Dhabi.

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I was delighted that MCC's work was completed on time, and within budget, helping us deliver important changes and improvements, to the benefit of our stakeholders. ​ MCC's report is published on the CCC website.

- Bea Natzler
Team Leader at Climate Change Committee, UK

I am delighted to recommend MCC Economics. Specifically, I worked closely with PJ, who helped us with our Nuclear and CCUS projects. PJ helped us develop new policies and answer questions from our stakeholders. ​​His support helped us deliver important changes and improvements, to the benefit of our stakeholders.

- Gordon Hutcheson ​
Head of Nuclear Policy at Ofgem, UK

MCC Economics has helped us better understand the most important issues for our stakeholders, including: charges, shareholder returns, debt payments and inflation impacts.

- Leila N. Nasr
Section Head at Department of Energy, Abu Dhabi

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