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Ofwat: Bonuses should be tied to environmental performance
Ofwat chief executive David Black has written to water companies' remuneration committees to urge them to consider executives' performance on pollution and the environment, both good and bad, when setting and awarding bonuses. The regulator has separately issued a consultation on options to simplify how output delivery incentives are calculated for the next price review in 2024.
News
ODIs made gains for customers but not leaks, Ofwat finds
Ofwat has reviewed and reflected on performance and feedback from PR14 regulatory period that showed the impact introducing outcome incentives had on sector-wide performance and lessons to learn as PR24 business plans are set
News
Ofwat adjusts price controls
Ofwat has adjusted water company price controls to reflect actual performance in 2019/20 instead of forecasted data. Thames, Southern, Yorkshire and Anglian saw the biggest change to allowed revenue for the so-called blind year
News
What to expect from CMA on PR19 appeals
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
Ofwat sets timetable for innovation, environment and transformation
Ofwat has published its work timetable for the coming year and revealed that its first innovation competition will take place in 2021. It said its priorities and timings will be kept under review as the impact of the coronavirus on resources becomes clearer.
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