PR24

Water firms claim PR24 equity returns will put off investors

PR24: Affinity cuts unaffordable plans by £430m

Affinity Water has cut its proposed spend for the period 2025-2030 to £2.12 billion from £2.55 billion after customers told the company its plans were unaffordable. Affinity set out its plans to increase its spending by more than £1 billion over the level seen during the current asset management period (AMP7) in May to get customer and stakeholder feedback ahead of the submission deadline this week.

PR24: Yorkshire to double environmental spend

Water and sewerage company Yorkshire Water is proposing a total spend of £7.8 billion to 2030, a significant step-up from the £4.3 billion allowed in PR19. Yorkshire says its proposed investment plan, which will be its largest ever, is predominantly driven by the requirements of the Water Industry National Environment Programme (WINEP), specifically the Storm Overflow Discharge Reduction Plan (SODRP).

PR24: Smart metering hits mainstream

Storm overflow spend to top £9bn over PR24

Wastewater companies have set out their investment plans to tackle storm overflows during the PR24 period. The total investment will top £9 billion with several companies expecting to beat government targets. United Utilities (UU) and Yorkshire Water will make the largest investments in PR24 at £3.1 billion and £1.9 billion respectively due to UU having more combined sewers than most other water companies, coupled with higher-than-average rainfall.

PR24: SES to ‘fall short’ on net zero

Water bills could rise by up to 64% by 2030

Water firms seek £96bn across AMP8

SVT ‘really confident’ Ofwat will approve £13bn spend

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.

Severn Trent first to reveal PR24 plan

In the first signal of how water companies are approaching investment plans for 2025-2030, Severn Trent has indicated it expects totex to more than double compared to the first half of the decade. The company gave a summary of its plans as it announced it is seeking £1 billion equity to fund a programme of river improvements, resilience and service. It has also revealed indicative views on bill rises and key performance commitments.

Ofwat warns suppliers against overstating energy costs

David Black: Delivering PR24 commitments will be tough

Ofwat proposes change to PR24 returns

Water company performance sparks C-Mex overhaul

Ofwat: PR24 could see three-fold investment boost