A few weeks ago there was an exchange of letters between Michael Gove and the chairman of Ofwat. In his short letter Michael Gove highlighted a number of points he found unacceptable in the privatised water industry. A new report from the Social Market Foundation think-tank assessing the likely costs associated with nationalising the water and sewerage […]

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‘Ofwat has clarified the PR19 requirements for leakage. The regulator has confirmed that its approach to leakage performance commitments will take account of companies that might want to start their improvements ahead of the 2020-25 price control period. It has also explained that the approach to the threshold for enhanced outperformance payments is different for […]

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Ofwat: ‘We have published our final methodology for the 2019 price review (PR19) for the water and wastewater monopoly service providers in England and Wales. The methodology sets out: our expectations and requirements for companies preparing their business plans to meet the needs of their customers from 2020 to 2025 and beyond; how these expectations form […]

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