Strategy, policy & regulation

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Ofwat sets ‘very problematic’ revised PR24 schedule

Ofwat sets ‘very problematic’ revised PR24 schedule

Ofwat may not make its final rulings on water companies' £100 billion business plans until the end of January 2025, just two months before the next asset management period begins. Senior water company figures told Utility Week that the revised timetable is "very problematic" and "borderline ridiculous".

1 year ago

ESO may ‘snatch defeat from the jaws of victory’ over DFS penalty proposals

1 year ago

Labour promises ‘much tougher’ regulation of energy market

1 year ago

Ofgem to extend bad debt support provision in price cap

1 year ago

Let’s be pragmatic – not dogmatic – about the future of gas

1 year ago

Latest

Weekend press: Thames shareholders to inject £1bn

2 years ago

More than 1.5m customers could be on fixed tariffs above price cap

2 years ago

United Utilities workers vote to strike

2 years ago

Thames investors split on stumping up extra cash

2 years ago

Government rejects transmission planning proposals

2 years ago

Time is running out for affordability plans

2 years ago

Scrap ‘revolutionary’ wholesale reform, renewables body urges

2 years ago

Industry grandees mull intractable sector quandaries

2 years ago

Anglian named water company of the year

2 years ago

Ofgem cracks down on excessive generator profits

2 years ago

Regulator calms Thames collapse fears

2 years ago

Ofgem CEO ‘frustrated’ with lack of pace on diversity

2 years ago

Ofwat confirms tougher action on unwarranted bonuses

Ofwat has confirmed measures intended to block water company bosses from claiming unwarranted bonus payments. The regulator has confirmed plans to implement an end-of-period reconciliation mechanism which would allow it to adjust a company’s revenue allowance if it does not meet Ofwat’s expectations, particularly around financial and environmental objectives.

2 years ago

After After Diversity

2 years ago

Northumbrian launches sector’s first open data strategy

2 years ago

Former regulators to share views with UW members

2 years ago

Customers or taxpayer to be on hook for Thames woes

2 years ago

Ofgem proposes additional bad debt allowance in PPM cap

2 years ago

Axing levy poses ‘existential’ threat to hydrogen sector

The UK’s nascent hydrogen industry is at an "existential moment" and its growth will be undermined if the government abandons plans to introduce a household levy to support the sector’s development, MPs have been warned. In a last-ditch submission to the House of Commons committee scrutinising the Energy Bill, Hydrogen UK chief executive Clare Jackson urges MPs to safeguard the funding mechanism for hydrogen created by the legislation.

2 years ago

Thames investors risk losing everything

With the government and Ofwat preparing contingency measures for the potential collapse of Thames Water, the company’s investors are once again being asked to provide more funding. Joanna Ford, restructuring & insolvency partner at Cripps, warns that failing to stump up more cash could see investors lose everything if the worse should happen.

2 years ago

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