PolicyBox® holds the allowed returns regulators set across 32 energy markets, 72 US investor-owned utilities, UK water and telecoms. Each is traced to the decision that set it, with the tools to rebuild it on the regulator's own method and to see which way the next reset moves.
Regulated returns are set by formula, and every regulator's formula is different. PolicyBox holds each determination as the regulator published it, with the allowed return and its components on the regulator's own basis, and implements each market's own method: its risk-free rate convention, its approach to beta and gearing, its indexation, its control period structure.
Simulation, not just data. The platform goes beyond reporting published determinations. It reconstructs the mechanics behind them, so you can stress assumptions, run counterfactuals and see how allowed returns respond as market inputs move. Where a regulator's published method can be reproduced, it also shows which way the next decision moves.
Government bond yields are read live and stored with full history. Determinations are held against a sourced baseline: a self-audit re-checks the markets in rotation every night, and every dated regulatory event is watched as it approaches.
Each module answers a question regulatory teams actually ask, on each regulator's own terms, then extends it with the analysis published documents cannot give you.
Every determination's allowed return and its components, one row per market, each cited to the regulator's decision and graded by confidence.
One market's file: the allowed return and its source, the reset outlook, peers, the asset base and the dated regulatory history.
Which way each regulator's own formula moves next: a methodology projection, not a prediction. A track record scores registered forecasts against the decisions that follow.
Rebuild any market's WACC on its regulator's method, with live risk-free and beta inputs, and test the assumptions that move it.
The RAB waterfall, financeability and the breakeven WACC, and the probability that the allowed return covers the required return.
US, UK and EU allowed equity returns on one normalised basis, and every dated regulatory event, in every sector, in one calendar.
API · The underlying parameters, cross-market comparisons, reset projections, water and telecoms, through an authenticated REST API for portal clients.
The same questions, answered consistently across jurisdictions, on each jurisdiction's own terms.
GREAT BRITAIN · ALL 27 EU MEMBER STATES · SINGAPORE · HONG KONG · MALAYSIA · PHILIPPINES · UNITED STATES · UK WATER · UK & EU TELECOMS
Anything that cannot be sourced is labelled as estimated or pending, never guessed.
Each allowed return, and each of its components, names the regulatory decision it comes from, with a confidence tier that says how it was verified.
Where a regulator publishes no figure, or its document cannot be read, the platform says so rather than filling the gap.
A self-audit re-checks the markets in rotation every night against a sourced baseline, and each dated regulatory event is watched as it approaches.
Projections are registered before the decision they target, and scored only against decisions published afterwards.
Benchmark your allowed returns against peers and prepare for the next control period with the regulator's own mechanics.
Assess regulated cash flows and return frameworks consistently across markets before capital is committed.
Compare methodologies internationally and test how alternative choices flow through to bills and returns.
Ground submissions and testimony in reproducible, methodology-faithful analysis.
A working session on the markets you care about, using live platform data rather than slides.
Email ryan@civic-engine.comExisting clients and collaborators can sign in to the secure PolicyBox portal.
Sign inCommercial terms on request. Pilot engagements available.
Civic Engine is an independent UK company building software for regulatory economics. PolicyBox is developed, owned and operated entirely by Civic Engine Ltd.
The company was founded by Dr Ryan Williams, a financial economist working on cost of capital, regulation and energy markets.
PolicyBox supports research at the Centre for Climate Finance and Investment, Imperial College London.