CMA

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What does the CMA's provisional ruling on leakage say about the challenge Ofwat set the water sector to drastically reduce the amount of water lost to leaks?
News
What would the risks and rewards be of disgruntled water companies asking Ofwat for an interim determination on the back of the CMA's surprise take on cost of capital in its initial findings? Colm Gibson, managing director at Berkeley Research Group, suggests Covid-19 could give adequate grounds.
Analysis
Yorkshire Water has told Utility Week that notwithstanding the gains allowed by the CMA on its PR19 appeal, the regulatory settlement remains tough, particularly with the opex challenge and difficult ODIs to deliver.
News
Consumer watchdogs have welcomed the CMA's increased spending allowances for projects that were important to consumers but warned its overall stance could set a precedent for other regulated companies and add to the pressure on household finances.
News
Ofwat has expressed concern that in its PR19 provisional redeterminations, the CMA has set a rate of return that is lower than that requested by the appellant companies in their business plans. Senior director David Black told Utility Week this goes against the precedent of previous cases. Read his comments and reaction from across the industry.
News
The CMA is due to deliver its initial redetermination of the PR19 business plans from Anglian, Bristol, Northumbrian and Yorkshire imminently. Will it side with Ofwat or the companies on customer engagement, returns and resilience? Utility Week gauges the view of an analyst, legal expert and ratings agency.
Comment
The Competition and Markets Authority has told Utility Week it expects to hit its deadline of mid-September to deliver its first take on the appeals by four water companies to Ofwat's final determinations on their AMP7 business plans. All eyes will be on any adjustments to WACC, what value is placed on customer input and the levels of investment permitted.
News
As the CMA gathers submissions and evidence for redetermining the business plans of Anglian, Bristol, Northumbrian and Yorkshire Water, Ofwat has firmly defended its position and the final determinations it handed to the companies in December.
News
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