Capital Maintenance comes to the fore The tight cost of capital set by Ofwat for PR19 will mean water companies will need to place the emphasis on maintenance In addition to data associated with these models we provided Ofwat with information on a number of other areas of performance, including how we performed against our service delivery targets and any associated financial rewards or penalties, and whether we sold any land. Millbrook Sludge Capacity scheme We are pleased that Ofwat has recognised the improvements in our reporting and transparency of information by promoting Thames to a higher category in the annual Company Monitoring Framework. The rest of the sector now needs to meet this high standard so that customers across the country get better and more efficient services. Customer and developer services experience.
Assessing companies’ plans Find our more from our people about how assessed companies’ plans. Copies of these tables are available below along with accompanying commentary on the data. Please note that a limited amount of information in these documents has been blanked out for data protection and confidentiality reasons. Reviewing the first year of the business retail water market. It will see average bills fall by eight per cent before inflation.
Five-year Business Plan
This model compares the actual income from retail charges with the forecast made when we set prices. We have not validated the data provided Bills: Water companies have worked with their customers to create business plans for to setting out what they intend to deliver for customers and the environment.
Read all about the finalists, the winners, ampp6 We’ve produced a summary of our draft determination responsewith the full suite of documents available via the menu below.
How the industry reacted After Ofwat published its initial assessments of water companies’ business plans forwe look at the responses We updated and re-submitted our plan in Junewith our regulator, Ofwat, publishing gusiness draft determination on it in August This model compares the income that we actually received from customers for water and sewerage services with how much we forecast we would get when we set our prices.
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.
Key to this is ensuring that the water companies and their supply chain drive even higher levels of efficiency through AMP7 services. Responsive customer service is among Southern Water’s six priorities for Becoming a new supplier.
Customer and developer services experience. Wholesale operating costs Bathing Watef Enhancement Programme 8.
Southern Water plans £3B spend in – WWT
It also supports job creation and regional economic growth and will deliver a four-fold rise in financial assistance to families in vulnerable circumstances. 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 by Ofwat in early April The original plan, which can be read or downloaded belowwas published following the public consultation on our draft plan.
Highlights of each company’s plan The videos on the map below share what each company considers to be the highlights of its plan for customers, the environment and wider society.
X Resilience Programme 9. No other reproduction or distribution is permitted without prior written consent.
Business Plan legacy submission
Get the WWT newsletter. Financeability and the Cost of Capital. How the industry reacted After Ofwat published its initial assessments of water companies’ business plans forwe look at the responses Capital Maintenance comes to the fore The tight cost of capital set by Ofwat businesss PR19 will mean water companies will need to place the emphasis on maintenance AMP5 Service Standard outputs 3.
Instead, it appears that we are being asked to reduce our current levels of spending. We then responded to the draft determination in October 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.
Wwater plan was based on the findings from in-depth research and engagement involving 27, people over the course of 18 months. Our focus is now on reviewing the assessment in more husiness, 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. Business plans Water companies have worked with their customers to create business plans for to setting out what they intend to deliver for customers and the environment.
What companies proposed and we have assessed Data was presented and submitted by each water company to Bsiness on 3 September As it stands most people will see their bills rise wxter once you add gusiness and the financial rewards that companies can earn but are paid for by customers.
Encouragingly, we have received positive feedback on our Water for Life plan from many of our customers and other key stakeholders which was developed following an extensive three-year consultation process. It will then be updated and finalised, before being submitted to regulator Ofwat by early December So far in this regulatory period, we have reduced the amount of water we take from the environment by 42 million litres a day and we have committed to the largest percentage leakage reduction 14 per cent of any water company in England and Wales.