Provisional findings published in CMA review of water price controls

The CMA (Competition and Markets Authority) is consulting on its provisional findings from its redetermination of Ofwat’s proposed 2020-25 price controls.Ofwat published its price controls for 2020-25 in December 2019. These set out the total amount water companies can charge for water in that period. Ofwat described its price review as aiming to challenge companies to deliver stretching improvements in service quality, to save money by becoming more efficient, and to pass those savings on to their customers, while at the same time substantially improving their performance. Ofwat set an allowed rate of return at a level that was low against historical standards, but that it considered allowed the water companies to finance themselves.The full Press Release can be viewed here[gallery columns="2" size="full" ids="https://www.futurewaterassociation.com/wp-content/uploads/CMA_Logo_01.png|,https://www.futurewaterassociation.com/wp-content/uploads/Ofwat-1.jpg|"]