This week was a milestone in the water sector with Ofwat revealing its initial assessment of business plans for PR19.
In the energy sector Npower revealed it had successfully completed the trial of a new tracker tariff which remains 6 per cent below the default tariff cap.
Meanwhile Our Power, a Scottish supplier which ceased trading last week, was revealed to have received three commercial rate loans totalling £9.5 million from the Scottish government.
The most-read stories this week:
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. Read more…
Tony Smith, chief executive of CCWater, said: “We’ve not seen one plan that can be considered the finished article and there is still scope for improvement across the board, which we’re pleased Ofwat recognises.” Read more…
The 2019 price review (PR19) sets the price, service and incentive package that the water companies must deliver during the five-year period. Read more…
Last week Utility Week reported on the failure of Scottish energy supplier Our Power. Our Power was this week revealed to have received three commercial rate loans totalling £9.5 million from the Scottish government. Read more…
Finally, big six supplier Npower announced it had successfully completed the trial of a new tracker tariff which remains 6 per cent below the default tariff cap. Read more…