PR24

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PR24 to include emissions performance commitments

Ofwat has set out its expectations for water companies to align their decarbonisation strategies with UK government targets that focus on both operational and embedded emissions. The regulator said the next price review will feature carbon reduction performance commitments.

3 years ago

Ofwat mulls protections against ‘risky’ financial structures

Ofwat has set out options to protect customers from water company financing risks as part of a consultation following its financial resilience report last month. The regulator has proposed measures including raising the minimum standards of credit quality, strengthening expectations on dividend payments being linked to performance and increasing transparency.

3 years ago

Ofwat calls for cultural shift at PR24 to plan for the future

Ofwat has said a cultural shift will be needed from water companies in order to move away from producing five-year business plans in isolation. The regulator wrote to businesses setting out expectations for "minimum requirements" on long-term strategies.

3 years ago

CCW sets out PR24 priorities

3 years ago

Yorkshire calls for WACC to be set independently

4 years ago

Ofwat: We recognise real transformation comes at a cost

The Ofwat director heading up PR24 has urged water companies to put forward bold solutions in the next price control but emphasised these must be set in a long-term context. Aileen Armstrong, senior director at the regulator, stressed the need to look beyond heavy infrastructure as the answer to all problems but accepted that this would come at a cost. She said she expected companies to look at spreading these costs over current and future generations.

4 years ago

PR24 will be ‘key moment for process emissions’

4 years ago

Defra’s strategic policy statement lacks ‘precision and priorities’

4 years ago

Portsmouth targets 20% PCC cut with smart meter trial

4 years ago

ODIs made gains for customers but not leaks, Ofwat finds

4 years ago

MOSL calls for non-household specific ODIs at PR24

4 years ago

Water UK: ‘Reasonable’ WACC necessary for investment at PR24

4 years ago

Defra ready to consult on Ofwat SPS

4 years ago

Waking the sleeping giant of the northwest

4 years ago

Online tool launched to measure natural capital

An online mapping tool for measuring natural assets has been launched by a company co-founded by the former chair of the Natural Capital Committee, Dieter Helm. The developers said the tool gauges the benefits assets can provide in terms of carbon sequestration and storage, flood risk reduction, biodiversity and social wellbeing and will help inform discussions around the PR19 price review for water companies.

4 years ago

Yorkshire proposes regulatory revolution

Yorkshire Water has published ideas for investment and regulatory reform to allow the sector to be more flexible in its PR24 business plans and rise to the challenges of climate change and population growth. Utility Week discusses the company's proposal with its director of corporate affairs, Richard Emmott.

4 years ago

CMA pushes back water appeals deadline again

The Competition and Markets Authority has nudged back the estimated date for its PR19 final redeterminations, which are now expected to appear in "late" February. It follows a series of consultations on several areas, including the cost of capital.

4 years ago

Investors express alarm at CMA U-turn

4 years ago

Plotting resilience out to 2100

4 years ago

Water innovation competition kicks off

The first round of Ofwat's innovation competition kicks off today with the Innovation in Water Challenge, inviting ideas and pitches from within and outside the water sector with a chance to win up £250,000 of development funds.

4 years ago

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