The Impact of Tariff Regulation on the Economic and Financial Results of Water Service Operators in Italy. A Ten-Year Perspective (2007-2018). Synthesis

Abstract

More than a year has passed (July 2018) since the publication of impact of tariff regulation on the economic and financial results of water service operators (Canitano & Peruzzi, 2018) and in this edition we are able to provide a time line that runs from 2007 to 2018, two years longer. The aim of the research is always the same, that of analysis of the changes that have occurred in the economic regulation of water companies, interpreting them in the light of the financial statements of a group of fifty water companies. The companies, with the MTI, have seen their profitability grow which has increased their incoming cash flows to such an extent as to allow them to make a higher volume of investments, distribute substantial dividends and at the same time increase their capitalization. This could suggest that, at least as regards the financial potential offered by the Italian regulator with the MTI, the companies could have made a greater volume of investments than that achieved so far.