Where they have fallen short, we will be stepping in We published our initial assessment of plans on 31 January , and will make our final decisions in December Daily use per person: Key to this is ensuring that the water companies and their supply chain drive even higher levels of efficiency through AMP7 services. This was to enable Ofwat to calculate any rewards or penalties that should be applied between to reflect our performance in the previous five year period. How the industry reacted After Ofwat published its initial assessments of water companies’ business plans for , we look at the responses Becoming a new supplier. Assessing companies’ plans Find our more from our people about how assessed companies’ plans.
It redefines the relationship between a water company and its customers, and recognises our societal responsibilities. Data was presented and submitted by each water company to Ofwat on 3 September Our new plan for sets out details of the improved water and wastewater services we will provide in the future. This compares our actual expenditure for the period with that Ofwat assumed we would spend when it set our price controls in We remain confident that our plan, which will see lower bills for customers and our largest ever investment to maintain and further improve services, delivers the very best outcomes for our customers and the environment. The Environment Agency expects to see a significant reduction in pollution incidents, investment to increase resilience to drought and flooding, and a commitment to enhance the environment. Water companies turn the heat up on FOG The last 18 months has seen a step change in the way water companies are addressing the problem of fats, oil and grease
In the annual average was litres. Capital Maintenance comes to the fore The tight cost of busijess set by Ofwat watfr PR19 will mean water companies will need to place the emphasis on maintenance An adjustment is made to correct for any under or over-forecast in the number of customers. Ofwat’s final determination on our plan for was published on 12 December Our focus is now on reviewing the assessment in more detail, working with Ofwat to ensure we fully understand and address the areas that need further work while ensuring we can still deliver what matters most to our customers.
We are pleased that Ofwat has recognised our commitment to ensuring our bills are affordable for all, along with their confidence in our ability to deliver our plan, based on our very successful track record. Instead, it appears that we are being asked to reduce our current levels of spending.
Southern Water plans £3B spend in – WWT
Where we spend less that the amount assumed because we have delivered more efficiently, a proportion of this is given back to customers through bill reductions and vice versa. There is still work to do to fully understand the detail of the initial assessment and we will be working with Ofwat to further improve the plan before resubmitting in April. The group produced a report setting out its assessment of our December plan.
Many companies have not stretched themselves on issues like reducing leakage and expanding support for customers in financial hardship. They have dater recognised the efforts we have already made to reduce our gearing ahead of the start of the next Business Plan period. I fully expect the revised plans to be more ambitious in delivering for customers pllan the environment, and Budiness continue to offer Ofwat my full support in holding companies to account.
Let’s not drop the ball after PR19 There must be better alignment between PR19 strategic plans and actual delivery plans if water companies are to get full As part of our business plan foron the 27 July we provided information to Ofwat businesz our actual and forecast performance in the period Three companies have already stepped up to the anp6 with high quality plans and stretching commitments to customers for the next five years.
Bathing Water Enhancement Programme 8. After Ofwat published its initial assessments of water companies’ business plans forwe look at the responses from across the sector. We have not validated the data provided Bills: However, Ofwat has set us some challenges around cost efficiency in particular.
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Ofwat’s PR19 assessments: How the industry reacted
Please note that a limited amount of information in these documents has been blanked out for data protection and confidentiality reasons. The rest of the sector now needs to meet this high standard so that customers across the country skuthern better and more efficient services.
The plan includes significantly increased investment, to tackle issues that really matter to customers such as leakage, pollutions and resilience, while keeping average bills flat. Becoming a new supplier. Copies of these tables are available below along with accompanying commentary on the data. Water companies have responded positively with an increased focus on customer priorities such as keeping bills affordable, cutting leakage, protecting the environment and helping those most in need.
Where they have fallen short, we will be stepping in We published our initial assessment of plans on 31 Januaryand will make our final decisions in December Thanet Sewers Groundwater llan Data was soouthern and submitted by each water company to Ofwat on 3 September We published our initial assessment of plans on 31 Januaryand will make our final decisions in December We look forward to working constructively with Ofwat through to publication of the draft determination which, in line with the price review timetable for fast-track companies, we expect to be published busihess Ofwat in early April We then responded to the draft determination in October Ofwat has also published the results today of its annual company monitoring framework assessment, which measures the quality and transparency of company reporting and the level of trust and confidence that customers and other stakeholders can place in it.
Get busines WWT newsletter. How the industry reacted After Ofwat published its initial assessments of water companies’ business plans forwe look at the responses