The new eight-year price control framework, RIIO-ED1, in the country provides long-term, inflation-adjusted rate certainty without any volumetric risk in the amount of electricity delivered and also follows an incentive-based model, which provides scope for generating incentive revenues for outstanding customer service and reliability. In the prior quarter, the utility provider reported a positive earnings surprise of 6.25%. We caution against stocks with a Zacks Rank #4 and #5 (Sell rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.