Ofwat has released its final methodology for the 2025-30 price review, which stresses the importance of water efficiency with a £100 million fund dedicated to progressing demand reduction. It also sets out an extended innovation fund of £300 million and a streamlining of performance commitments, accompanied by a shift towards outcomes-based incentives. The regulator has also set its provisional return on capital. Chief executive David Black said companies had so far fallen short of expectations and needed to "seize the opportunity to transform their performance at PR24".
PR24 blueprint demands ‘transformation’ from sector
