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Price review

Latest in Price review

Preparing for PR24 and beyond: Customer engagement
From affordability to water pollution, the sector is under increased scrutiny and customer expectations are evolving. This webinar will explore how water companies can ensure they are equipped to address these challenges and meet the diverse needs of customers both now and in the years ahead.
Webinars
Affordability, resilience and fairness key for billpayers at PR24
The second piece of collaborative work from Ofwat and CCW has revealed billpayer priorities that the regulator said would inform outcome delivery incentives for the 2024 price review. Consumers were most concerned about issues that impact them directly, and wider factors that will affect them sooner rather than further in the future.
News
Ofwat calls for cultural shift at PR24 to plan for the future
Ofwat has said a cultural shift will be needed from water companies in order to move away from producing five-year business plans in isolation. The regulator wrote to businesses setting out expectations for "minimum requirements" on long-term strategies.
News
MOSL calls for non-household specific ODIs at PR24
Non-household water market operator MOSL has set out suggestions for how to include concerns of the business sector in PR24 plans including setting ODIs to allow wholesalers to invest in metering and data.
News
Ofwat consults on the water sector of the future to inform PR24
With the water sector less than a year into enacting PR19 business plans, Ofwat has reached out to stakeholders for input on the framework for the next price review. It asks what the sector should look like by 2040 and how to get there considering climate change, investment, affordability and resilience.
News
CCW recommends centralised consumer engagement for PR24
CCW has reviewed how water companies interacted with billpayers when writing their PR19 business plans and made recommendations for best practice looking ahead to PR24 including a call for comparable nationwide data
News
How low can WACC go?
As the UK prepares for negative interest rates might utility regulators be tempted to follow?
Comment
KPMG director says PR19 will be a ‘diet for fat cats’
With the ink barely dry on the final determinations, KPMG's director of infrastructure examines lessons the regulator can learn from the price control process for PR24. Andrew Beaver also questioned the cost of capital and how to simplify the process.
News
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.
News
Ofwat: PR19 is pro-investment
Speaking to investors Ofwat’s chief executive Rachel Fletcher, chairman Jonson Cox, and senior directors David Black and Andrew Chesworth, discuss the changes between the draft and the final determination and give more details on the approach to Thames.
News
PR19 final determinations delayed because of election clash
Ofwat's final determinations on water company business plans for the next five years was due to take place the day before the general election but the regulator has said purdah protocols have now made this impossible.
News
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