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Join our forthcoming webinar to learn about the latest tools and techniques for upgrading and maintaining pipework and meeting sustainability targets as part of adaptation to climate change.
Date: 17/11/2023 11:00 am
1 year ago
Anglian Water has proposed to spend more than £9 billion over the next asset management period – an increase of more than two thirds when compared to £5.3 billion of total expenditure allowed by Ofwat in its final determinations for PR19. Under its PR24 business plan for 2025 to 2030, the company said its expenditure on the environment would more than double to around £4 billion.
Despite low customer support in decarbonising water assets, the sector has proposed spending £1.3 billion in the next asset management period (AMP8) to reduce greenhouse gas emissions as it works towards operational net zero in 2030 and true net zero by 2050. Utility Week unpicks each company's PR24 business plan to see where the proposed investment will be spent.
Severn Trent has told investors it is confident the "vast majority" of its spending plans for 2025-2030 will be approved, after asking for a doubling in total expenditure compared to the current price control. Meanwhile chief executive Liz Garfield promised growth in regulatory capital value “beyond anything people might have been expecting” for PR24.
Increasing concern about the state of public buildings offers an opportunity to accelerate the removal of lead from drinking water. This was the view of experts at the Drinking Water Quality Conference this week, who insist there should be an urgent focus on the impact of lead on young people and the most vulnerable in particular. Members of the UK Water Industry Lead Strategy Board, which was formed three years ago, set out the advances that have been made in reducing levels of lead in drinking water but warned against complacency.
People living in rural communities are forced to deal with rats, tadpoles and brown bath water on a daily basis because they are not connected to a mains water supply, MPs have heard. The blight of rural communities was raised in a Westminster Hall debate in which the government came under fire for failing to support those living in properties without a water mains connection. MP Simon Clarke proposed new legislation and called on Defra to fund connections in exceptional circumstances.
Economist Dieter Helm has proposed dividing beleaguered Thames into two public limited companies with simplified ownership to improve management and prevent financial engineering. The sector's long-term critic also took Ofwat to task for not taking steps to strip poorly-performing companies of their licences and proposed reverting to the single-company structures of the original privatised companies.
A water transfer project to move 50 megalitres of water between treatment sites in Essex has begun work to bolster resilience of supplies in the region. Raw supplies will be able to move from a reservoir to both treatment plants to better exploit treatment capacity. Essex and Suffolk is investing £20million in the scheme, which will serve 370,000 customers.