OFWAT has challenged the water companies to deliver to a higher standard as the draft determinations for the none fast track companies are published. The announcement is laid out in Ofwat’s price review draft determinations for 14 of the 17 water companies in England and Wales. Three water companies, Severn Trent, South West Water and United Utilities, have already been fast-tracked through this stage of the price review in recognition of their high-quality plans for the next five years.
The full plans and determinations can be found here
Important dates to note:
30th August – water companies deadline to respond to draft determinations
11th December – Final determinations announced
An easy to read view of OFWAT’s thinking presented earlier in the year can be found here