PR19

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Southern Water increases investment to £4bn for PR19

Southern Water proposes to increase investment to £4 billion between 2020 to 2025 up from £3.2 billion for the current five-year price control period, the company revealed in its PR19 business plan.

6 years ago

South West Water announces public share scheme

South West Water has announced it will offer customers a stake in the company, making it the first publicly part-owned water company since privatisation.

6 years ago

Thames Water announces £11.7bn PR19 investment plan

The UK’s biggest water services provider has announced an £11.7 billion investment plan to improve infrastructure, service and efficiency as part of its PR19 plans.

6 years ago

Water sector set to invest £50bn in 2020-25

The water industry has revealed plans to spend more than £50 billion between 2020 and 2025 – a 13 per cent increase on the current five-year period.

6 years ago

Water companies submit PR19 business plans to Ofwat

As part of the regulator’s 2019 price review, PR19, all water companies must set out a detailed business plan, which outlines how they will meet the needs of their customers from 2020 to 2025 and beyond.

6 years ago

Thames Water engages with ‘record’ customers for PR19

Thames started to engage with its customers nearly three years ago on topics that included customer service, leaks, wastewater and bills, the company said.

6 years ago

Ofwat proposes changes to governance principles

Ofwat has revealed four proposed changes to its 2014 principles for board leadership, transparency and

6 years ago

Six ways water companies can improve debt management

Speaking at the inaugural Consumer Vulnerability Conference last week, Dan Walker-Nolan, principal of strategy and policy at Ofwat, spoke to delegates about addressing vulnerability in the water sector.

6 years ago

Fitch downgrades three water holding companies

Osprey Acquisitions (Anglian Water), Kelda Finance (Yorkshire Water) and Greensands UK (Southern Water) have received revised outlooks from Fitch Ratings, which has downgraded them from stable to negative.

6 years ago

Ofwat reveals changes to PR19 methodology

Water companies will be required to set out proposals to share benefits with customers if its gearing level is materially more than the notional level underpinning price controls.

6 years ago

Thames Water to ‘prioritise investment over dividends’

Thames Water will not pay external shareholders dividends for the next two years and its chief executive will not receive a bonus until at least 2020 as the company plans to “prioritise investment” to improve services.

6 years ago

Water sector full-year results solid but PR19 looms

In successive days, the three remaining quoted water companies, Severn Trent, United Utilities and Pennon, reported their full-year results for 2017/18.

6 years ago

United Utilities increases resilience investment to £250m

United Utilities will increase its investment in resilience measures from £100 million to £250 million during AMP6 by sharing outperformance to benefit customers.

6 years ago

Northumbrian Water uses satellite to combat leakage

Northumbrian Water have partnered with Suez UK and Utilis on a project to combat leakage using satelite technology.

7 years ago

Water utility companies are facing a customer engagement crisis

"The energy sector hailed the introduction of smart meters, but smart meters alone do not change customer satisfaction overall"

7 years ago

Water company readiness for PR19 resilience a ‘mixed bag’

The readiness of water companies to meet Ofwat’s requirements for resilience in the round in their PR19 business plans, is a “mixed bag” the chief executive of Energy and Utility Skills has warned.

7 years ago

United Utilities trading in line with group expectations

United Utilities has announced it is trading in line with group expectations and on course to see a slight increase in revenue on last year’s £1.7 billion, with “moderately higher” underlying profits than 2017’s £662 million.

7 years ago

PR19 ‘prime opportunity’ for water sector to drive efficiency

Ofwat has advised the water sector its 2019 price review, PR19 is a “prime opportunity” for companies to “drive up efficiency and productivity”.

7 years ago

Cox eyes dividends and gearing in water company crackdown

Ofwat chairman Jonson Cox has set out a sweeping programme of reform for water companies that includes a radical overhaul of dividends, action on highly leveraged capital structures, and changes to companies’ licenses.

7 years ago

Ofgem determined to deliver a ‘fair deal’ for all customers

Ofgem responded to the BEIS committee report stating that it is working alongside the government to extend price protection.

7 years ago

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