22 Mar 2023
This speech was given by Aileen Armstrong, Senior Director, Company Performance and Price Control on 20 March 2023 at the Future of Utilities: Water conference. The challenges for companies at PR24 You’ll hear a lot today about the pressures the sector is facing. Water resources. River and bathing water quality. Climate change. Cost of living […]
08 Mar 2023
A survey by Ofwat, Trust and perceptions: People’s views on the water sector, finds that only one-third of people trust water companies to prevent sewage from entering waterways or to do no harm to biodiversity in the water environment. Over half said untreated sewage had the most negative impact on rivers from a list which […]
02 Mar 2023
Water companies must improve their plans to secure reliable water services in the coming decades, according to Ofwat. Each water company has developed draft Water Resource Management Plans (WRMPs) to set out how they ensure water needs are met through to 2050 and protect the environment. Although the draft plans would see more infrastructure delivered […]
15 Feb 2023
Among a swathe of Ofwat PR24 publications last week, the regulator is consulting on regulatory reporting for 2022-23, and on operational greenhouse gas emissions performance commitments definitions for PR24. Regulatory reporting This consultation sets out proposed changes to the reporting requirements for the annual performance report (APR) for 2022-23 onwards. The reporting requirements for the […]
01 Feb 2023
From Ofwat Ofwat has launched the Water Discovery Challenge, a £4m open-access competition for innovators with bold and ingenious ideas that can solve the biggest challenges facing the water sector today and in the future. The competition is the latest from Ofwat’s £200 million Innovation Fund, which seeks to generate new ideas to tackle issues […]
15 Dec 2022
Ofwat has published the final methodology for the upcoming Price Review (PR24). Ofwat has said that the need for substantial improvement in the sector is clear, and PR24, which will cover the period 2025-2030, will drive water companies to step up and deliver improvements for customers and the environment. The final methodology sets out the framework which […]
15 Dec 2022
Ofwat has published its annual assessment of company operational performance and a summary of the financial resilience of companies. Both the Water Company Performance report 2021-22 and the Monitoring Financial Resilience report 2021-22 have identified areas where water companies are letting down their customers, and the environment. Water company performance report 2021-22 Northumbrian Water, Southern […]
06 Dec 2022
Ofwat has revealed that water and wastewater companies are falling behind on their investment plans, leaving promised service improvements behind schedule or undelivered. Ofwat, as part of the price review process, sets allowances for how much companies can invest over the price control period, to maintain and improve its water network. Between 2020 and 2022 […]
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