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Often painted as villains by the public, utilities get a bad press. As part of our New Deal for Utilities campaign, we ask what can utilities do to effect real change.
5 years ago
Over the past couple of weeks, a variety of suitors have been identified in the
Around 300 customers 'slipped through Ofgem's safety net' according to industry sources.
Ofwat’s initial assessment of companies’ PR19 business plans has landed. Its verdict? None is ‘exceptional’ and the ‘fast tracks’ are heavily outnumbered by the ‘slow tracks’.
Bath-based Pure Planet has announced it is reducing membership fees to £151 below the default tariff cap.
Ofgem is expected to announce a “significant” increase in its standard variable price cap on Thursday (7 February).
"I’m concerned about how we can significantly increase resilience while spending less than we currently do"
"While no company reached the dizzy heights of the exceptional category, the three companies, which are all listed on the London Stock Exchange, were placed in fast track"
The Competition and Markets Authority (CMA) has decided to review the order it issued imposing a price cap on prepayment tariffs.
This week was a milestone in the water sector with Ofwat revealing its initial assessment of business plans for PR19.
Writing on utilityweek.co.uk recently (“One step forward, three steps back?”), Jonathan Marshall, head of analysis
Water only company Affinity Water has moved from the top of the class with “enhanced” status for its business plan in PR14 to bottom of the class for the 2019 price review.
"While Ofwat has rightly lauded those companies that have made it into the fast-track category, I think it will be disappointed that none managed to reach the heights of exceptional"
South West Water has been named as one of three water companies which have set a “new standard” for the sector as its business plan for 2020 to 2025 got the thumbs up from Ofwat.
Brighton-based supplier Toto Energy has expressed its concerns regarding the mutualisation process.
The boss of the UK’s largest water company expressed deep disappointment about Ofwat’s decision to place Thames Water in the “significant scrutiny” category in its initial assessment for PR19 business plans.
Ofwat has taken a tough stance on all but three water companies and will push them to go further to deliver for customers between 2020 and 2025.
Ofgem has appointed Utilita Energy as the supplier of last resort (SoLR) to failed supplier Our Power’s 31,000 domestic customers.
As Ofwat prepares to publish its initial assessment of water companies’ business plans, Nigel Hawkins asks if 2019 could be the year that the firms’ customers do better than their shareholders.