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It also championed the customer agenda, requiring water companies to set up customer challenge groups to provide their own assessments of business plans. This Monday morning, the long lead-up was over.
To their credit, most water companies seem to have taken the regulatory and political agenda fully on board.
Perhaps forewarned by the onslaught of outrage that energy suppliers currently face, they have been quick to announce price rises in line with or below inflation, while some have gone further, offering to forgo price rises that have already been approved by the regulator for And so to the headlines.
Given the robust half-year results announced by three water firms last week, these measures seem prudent. However, its proposed tariff freeze and subsequent below-inflation price rises may go some way to mollify the regulator. Even those companies that have proposed keeping price rises below inflation may not have gone far enough for Ofwat.
The regulator has said that it hopes for business plans based on an average Wacc weighted average cost of capital in the 3 per cent bracket.
Those companies that told Utility Week their proposed Wacc on Monday were all in the 4 per cent bracket: Thames, 4 per cent; Severn Trent, 4.
If Ofwat cuts the assumed Wacc, as seems likely given its former comments, then it pass these savings passed on to customers, quite possibly significant cuts in real terms. But whether that will be enough for the regulator remains to be seen.
A damp squib if ever there was one, the Bill finally got interesting when shadow environment secretary Maria Eagles announced that she would be seeking an amendment to make social tariffs compulsory. According to Conservative MP Anne McIntosh, chair of the Efra committee, the government is also set to introduce measures that would allow water companies to access information on customers who receive benefits, making it easier for them to target social tariffs at those in need.
The one real change in the Water Bill is the introduction of competition for non-domestic customers — but even that is less than drastic.Business Mr J Partridge – Corporate Policy Manager Mrs R Preen – Scrutiny Policy Adviser Anglian Water engagedunderstandingin the planning process and the challengesrecogniseand opportunities they faced in this regard.
SCOSC/15/22YearCentral Bedfordshire's Five Year Plan: North Northants Detailed Water Cycle Strategy. Wastewater and Water Quality Technical Section. WUNNHW_Tech September Halcrow Group Limited. South West Water faces a penalty of £ million, while Severn Trent and Anglian Water are both set to benefit from financial incentives for outperformance, Ofwat has announced in its latest update.
Affinity Water - pay your bill online, set up a direct debit, tell us you’re moving, report a leak or find answers to your frequently asked questions. Household water bills for will on average rise by % - this brings the average charge for a household's water and sewerage service to £ per day.
The Magazine for ENERGY EFFICIENCY in Blower and Vacuum Systems Aeration Blowers & Industrial Vacuum September 20 TURBO BLOWER RETROFIT kW CO 2 blowers and compressors business unit, also known as Industrial Orders from Anglian Water and Christchurch STW were delivered in March and April