The final announcement on the water sector’s toughest price determinations yet are a week away. With an election, renationalisation and climate change commitments hanging in the air, nothing is certain.
Utility Week's Election 2019 Manifesto urges the next government to properly address the future of the default energy price cap. Specifically, a rigorous review which is independent of government and Ofgem should take place.
Leakage targets have been set by Ofwat to see a country-wide reduction of 17 per cent and some companies tasked with up to 25 per cent. A new report, available exclusively to Utility Week members, looks at how the sector is approaching the issue and some of the lessons learnt to date.
While it will be business as usual for the utility sector over the next six weeks, there is already real concern in boardrooms around the uncertainty the general election has already created. Suzanne Heneghan looks at the key issues for the industry as we approach a crunch time for the country.
Reinstatement of the Capacity Market may be welcome news for the energy industry, but political uncertainty continues to distract from the real issue that needs to be tackled: achieving net-zero carbon emissions, says Energy UK chief executive, Lawrence Slade.
Until recently, the climate change message was a study in reasoned, intellectual persuasion but over the past few months the mood music has changed. Suzanne Heneghan discusses how the sector can cut through the acrimony and noise.
Plans by Ofgem and Ofwat to drastically reduce the baseline returns of regulated utilities within upcoming price controls pose a significant threat to their credit ratings, which could fall to below investment grade, Moody’s has warned in a new report.
As part of its £126m settlement for failures in operating sewage treatment sites and misreporting its performance, Southern has agreed to repay former customers who no longer live within its area. It has also agreed bonuses linked to wastewater compliance will not be paid when the company fails to meet its relevant performance commitments.
The Energy Emergencies Executive Committee has released its interim report into August’s blackout, in which it calls for a review of the load-shedding procedure. It said a new mechanism should be created to educate service operators about the procedure and ensure they take appropriate measure to mitigate its impact when activated.
How can the sector promote trust, fairness and legitimacy at the same time as tackling the urgent transformations linked to the net-zero journey and technological advances? A panel including Ofwat’s Jonson Cox, Lord Deben, Northern Powergrid CEO Phil Jones and Michael Lewis of Eon, gave their view as part of the New Deal for Utilities debate