Ofwat

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Ofwat: Companies must prove appeals are about customers not profits

The Ofwat director heading up PR19 has told Utility Week that companies appealing to the CMA will face tough questions about their rationale for rejecting a “comfortable” final determination.

4 years ago

Anglian and Northumbrian appeal to CMA

Anglian and Northumbrian's decisions to ask Ofwat to refer their final determinations to the CMA have taken the number of appeals to an unprecedented four. Meanwhile, Thames has said that while it “carefully considered” a CMA referral, it ultimately judged that this would be a “significant management distraction” at a key time. Southern also "reluctantly" accepted Ofwat's terms.

4 years ago

SES raises cost and customer concerns to regulator

With just one day to go until the deadline for appealing to the CMA, SES Water has accepted its final determination but highlighted the challenges the cost gap and lower allowed revenue will create. Newly appointed chief executive Ian Cain said company had raised its concerns to Ofwat and would look for alternative approaches to deliver for its customers.

4 years ago

Bristol rejects Ofwat’s final determination

Bristol Water is the second company to make a request to Ofwat to refer its business plan to the Competition and Markets Authority for appeal. The company said there were "some technical issues, mainly around how to finance our company" that caused it to appeal.

4 years ago

Yorkshire speaks for the many, not the few

Yorkshire Water's rejection of Ofwat's final determination on its 2020-2025 business plan, triggering a referral to the CMA, has lit the touch paper on what was already an explosive situation. But will the fire spread? Ruth Williams investigates whether the company's concerns represent a wider rebellion across the sector.

4 years ago

Yorkshire rejects Ofwat’s final determination and seeks CMA appeal

4 years ago

Wessex: customers want investment not cuts

4 years ago

Tor slams regulator as it exits ‘toxic’ water retail market

4 years ago

Ex-Ofwat chief to lead regulation council

4 years ago

Byatt: Time to stop ‘dithering’ and do it right

4 years ago

Six things energy networks need water companies to challenge at the CMA

4 years ago

‘Customers are for life, not just for a price review’

PR19 has been the water sector's most customer-focused ever with more than five million people involved in the writing of the business plans. CCWater and Ofwat discuss how the research should be used as an opportunity to learn more about customers, not as a box-ticking exercise

4 years ago

Affinity gets to grips with PCC and leakage

4 years ago

PR19: Severn Trent is first company to accept final determination

4 years ago

KPMG director says PR19 will be a ‘diet for fat cats’

4 years ago

RAPID leader announced

EA's deputy director of water resources has been named as the managing director of the inter-regulatory group RAPID that will work to overcome current barriers to major infrastructure projects in the English water sector.

4 years ago

Water firms failing to show link between bonus and performance

4 years ago

Investor confidence remains high under tough regulation

The tough stance adopted by Ofwat has challenged the water sector and reassured its investors, according to S&P Global Ratings. Despite difficult times ahead and lower ratings, water remains a sound longer-term investment, thanks in part to the firm regulatory framework the companies operate in, a senior director told Utility Week.

4 years ago

Don’t mislead customers about lower bills, warns CCWater

4 years ago

Moodys: PR19 will lead to overspend and operational penalties

4 years ago