Assessing the compensation for electricity wayleaves

Norman Hutchison, Andrew Cameron, Jeremy Rowan-Robinson

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)


This paper examines the measure of compensation payable for electricity wayleaves through afforestation and considers the merits of using a discounted cash flow approach to calculate the level of compensation. The research finds that the majority of negotiations take place “under the shadow” of compulsory powers and that the measure of compensation is based on the principle of equivalence; the compensation payable being the loss to the landowner and not the gain to the electricity supply company. It concludes that great caution is needed when applying a discounted cash flow approach to the valuation of afforestation owing to the large number of inputs and the sensitivity of the estimated land value to changes to key variables such as the discount rate and tree species.

Original languageEnglish
Pages (from-to)176-191
Number of pages16
JournalJournal of Property Investment & Finance
Issue number2
Publication statusPublished - 1 May 1999


  • Compensation
  • Electricity


Dive into the research topics of 'Assessing the compensation for electricity wayleaves'. Together they form a unique fingerprint.

Cite this