We are particularly pleased that Ofwat has recognised how efficiently we operate as a company — performing well above the levels set for the industry as a whole. Let’s not drop the ball after PR19 There must be better alignment between PR19 strategic plans and actual delivery plans if water companies are to get full Water Industry Act cases. Assessing companies’ plans Find our more from our people about how assessed companies’ plans. Totex menu PR14 reconciliation This compares our actual expenditure for the period with that Ofwat assumed we would spend when it set our price controls in
Becoming a new supplier. Ofwat’s final determination on our plan for was published on 12 December Water companies have responded positively with an increased focus on customer priorities such as keeping bills affordable, cutting leakage, protecting the environment and helping those most in need. Newsletter Sign up today for your daily news alert and weekly roundup. I fully expect the revised plans to be more ambitious in delivering for customers and the environment, and I continue to offer Ofwat my full support in holding companies to account. They have also recognised the efforts we have already made to reduce our gearing ahead of the start of the next Business Plan period. As part of our business plan for , on the 27 July we provided information to Ofwat on our actual and forecast performance in the period
Three companies have already stepped up to the mark with high quality plans and stretching commitments to customers for the next five years.
Responsive customer service is among Southern Water’s six priorities for Encouragingly, we have received positive feedback on our Water for Life plan from many of our customers and other key stakeholders which was developed following an extensive three-year consultation process.
Ofwat’s final determination on our plan for was published on 12 December The economic regulator of the water sector in England and Wales.
Ofwat’s PR19 assessments: How the industry reacted – WWT
We have not validated the data provided Bills: At the same time, we plan to further enhance our services to customers, maintain our key role in our communities and remain trusted custodians of the local environment we southernn and work in. It will then be updated and finalised, before being submitted to regulator Ofwat by early December In the annual average was litres.
Water companies have responded positively with an increased focus on customer priorities such as keeping bills affordable, cutting leakage, protecting the environment and helping those most in need. As part of our business plan foron the 27 July we provided information to Ofwat on our actual and forecast performance in the period We then responded to the draft determination in October Responsive customer service is among Southern Water’s six priorities for Most Read Anglian Water scoops top prize at Water Industry Awards Asset optimisation key to fighting future challenges – UKWIR’s Kaye ‘Critical decisions’ needed soon on water resources The search for safer streetworks practices Streetworks industry must commit to innovation – Bairsto.
The consultation on the plan ends on September 22, These two models take the output from the other reconciliation models and calculate the necessary adjustments to the Regulatory Capital Value, which is the measure of capital investment used in setting prices, and to the revenues we are allowed to collect from our customers through their bills.
How the industry reacted. Data tables and models. Let’s not drop the ball after PR19 There must be better alignment between PR19 strategic plans and actual delivery plans if water companies are to get full Get the WWT newsletter.
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Business plans – Ofwat
The videos on the map below share what each company considers to be the highlights of its plan for customers, the environment and wider society. Instead, it appears that we are being asked to reduce our current levels of spending.
Who we work with. We’ve produced a summary of our draft determination response douthern, with the full suite of documents available via the menu below.
Five-year Business Plan Our new plan for sets out details of the improved water and wastewater services we will provide in the future.
The plan was based on the findings from in-depth research and engagement involving 27, people over the course of 18 months. We believe our plan is robust for the future and will help ensure resilience of water supplies for the South East region. In addition to data associated with these models we provided Ofwat with information on a number of other areas of performance, including how we performed against our service delivery targets and any associated financial rewards or penalties, and whether we sold any land.
Water industry reveals details of revised PR19 plans
Assessing companies’ plans Find our more from our people about how assessed companies’ plans. We remain confident that our plan, which will see lower bills for customers and our largest ever investment to maintain southedn further improve services, delivers the very best outcomes for our customers and the environment.
However, Ofwat has set us some challenges around cost efficiency in particular. This was to enable Ofwat to calculate any rewards or penalties that should be applied between to reflect our performance in the previous five year period. Bueiness New Deal empowers customers to be part of our business and have more control. Bussiness companies have not stretched themselves on issues like reducing leakage and expanding support for customers in financial hardship. Newsletter Sign up today for your daily news alert and weekly roundup.