PR19

Competition and Markets Authority referrals

Submission – 27 October 2020

Reference of the PR19 final determinations: Overview – response to CMA provisional findings

Reference of the PR19 final determinations: Risk and Return – response to CMA provisional findings

Reference of the PR19 final determinations: Costs and Outcomes – response to CMA provisional findings

Reference of the PR19 final determinations: Fundamental errors of approach – response to CMA provisional findings

Submission – 4 May 2020

Main documents

Reference of the PR19 final determinations: Introduction, overall stretch on costs and outcomes – response to cross-cutting issues in companies’ statements of case

Reference of the PR19 final determinations: Response to Anglian Water’s statement of case

Reference of the PR19 final determinations: Response to Bristol Water’s statement of case

Reference of the PR19 final determinations: Response to Northumbrian Water’s statement of case

Reference of the PR19 final determinations: Response to Yorkshire Water’s statement of case

Reference of the PR19 final determinations: Cost efficiency – response to common issues in companies’ statements of case

Reference of the PR19 final determinations: Outcomes – response to common issues in companies’ statements of case

Reference of the PR19 final determinations: Risk and return – response to common issues in companies’ statements of case

Submission – 19 March 2020

Overall

Reference of the PR19 final determinations: Overview

Reference of the PR19 final determinations: Key elements of the methodology appendix

Reference of the PR19 final determinations: Cross-cutting issues

Reference of the PR19 final determinations: Glossary

Anglian Water

Reference of the PR19 final determinations: Notice of reference for Anglian Water

Reference of the PR19 final determinations: Explanation of our final determination for Anglian Water

Northumbrian Water

Reference of the PR19 final determinations: Notice of reference for Northumbrian Water

Reference of the PR19 final determinations: Explanation of our final determination for Northumbrian Water

Yorkshire Water

Reference of the PR19 final determinations: Notice of reference for Yorkshire Water

Reference of the PR19 final determinations: Explanation of our final determination for Yorkshire Water

Bristol Water

Reference of the PR19 final determinations: Notice of reference for Bristol Water

Reference of the PR19 final determinations: Explanation of our final determination for Bristol Water

 

Competition and Markets Authority referrals full list of documents.

Final determinations – key documents:

• PR19 final determinations: Overview of final determinations
• UK Government priorities and our 2019 price review final determinations
• Welsh Government priorities and our 2019 price review final determinations (in English)
• Blaenoriaethau Llywodraeth Cymru a’n penderfyniadau terfynol ar gyfer adolygiad prisiau 2019 (yn Gymraeg)
• PR19 final determinations: Policy summary
• PR19 final determinations: Overall stretch on costs, outcomes and cost of capital policy appendix (updated April 2020)

Company documents:

• Notification of the PR19 final determination of Price Controls for Affinity Water
• PR19 final determinations: Affinity Water final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for Anglian Water
• PR19 final determinations: Anglian Water final determination (updated April 2020)
• Notification of the PR19 final determination of Price Controls for Bristol Water
• PR19 final determinations: Bristol Water final determination (updated April 2020)
• Notification of the PR19 final determination of Price Controls for Dŵr Cymru
• PR19 final determinations: Dŵr Cymru final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for Hafren Dyfrdwy
• PR19 final determinations: Hafren Dyfrdwy final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for Northumbrian Water
• PR19 final determinations: Northumbrian Water final determination (updated April 2020)
• Notification of the PR19 final determination of Price Controls for Portsmouth Water
• PR19 final determinations: Portsmouth Water final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for SES Water
• PR19 final determinations: SES Water final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for Severn Trent Water
• PR19 final determinations: Severn Trent Water final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for South East Water
• PR19 final determinations: South East Water final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for South Staffs Water
• PR19 final determinations: South Staffs Water final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for South West Water
• PR19 final determinations: South West Water final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for Southern Water
• PR19 final determinations: Southern Water final determination
• Notification of the PR19 final determination of Price Controls for Thames Water
• PR19 final determinations: Thames Water final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for United Utilities
• PR19 final determinations: United Utilities final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for Wessex Water
• PR19 final determinations: Wessex Water final determination (updated May 2020)
• Notification of the PR19 final determination of Price Controls for Yorkshire Water
• PR19 final determinations: Yorkshire Water final determination (updated April 2020)

PR19 final determinations full list of documents.

Draft determinations – key documents:

Slow track and significant scrutiny draft determinations

• PR19 draft determinations: Overview of slow-track and significant scrutiny companies’ draft determinations
• UK Government priorities and our 2019 price review draft determinations
• Welsh Government priorities and our 2019 price review draft determinations (English language version)
• Notification of the PR19 draft determination of Price Controls for Affinity Water
• PR19 draft determinations: Affinity Water draft determination
• Notification of the PR19 draft determination of Price Controls for Anglian Water
• PR19 draft determinations: Anglian Water draft determination
• Notification of the PR19 draft determination of Price Controls for Bristol Water
• PR19 draft determinations: Bristol Water draft determination
• Notification of the PR19 draft determination of Price Controls for Dŵr Cymru
• PR19 draft determinations: Dŵr Cymru draft determination
• Notification of the PR19 draft determination of Price Controls for Hafren Dyfrdwy
• PR19 draft determinations: Hafren Dyfrdwy draft determination
• Notification of the PR19 draft determination of Price Controls for Northumbrian Water
• PR19 draft determinations: Northumbrian Water draft determination
• Notification of the PR19 draft determination of Price Controls for Portsmouth Water
• PR19 draft determinations: Portsmouth Water draft determination
• Notification of the PR19 draft determination of Price Controls for SES Water
• PR19 draft determinations: SES Water draft determination
• Notification of the PR19 draft determination of Price Controls for South East Water
• PR19 draft determinations: South East Water draft determination
• Notification of the PR19 draft determination of Price Controls for South Staffs Water
• PR19 draft determinations: South Staffs Water draft determination
• Notification of the PR19 draft determination of Price Controls for Southern Water
• PR19 draft determinations: Southern Water draft determination
• Notification of the PR19 draft determination of Price Controls for Thames Water
• PR19 draft determinations: Thames Water draft determination
• Notification of the PR19 draft determination of Price Controls for Wessex Water
• PR19 draft determinations: Wessex Water draft determination
• Notification of the PR19 draft determination of Price Controls for Yorkshire Water
• PR19 draft determinations: Yorkshire Water draft determination

Fast track draft determinations

• PR19 draft determinations: Overview of fast track company draft determinations
• Notification of the PR19 draft determination of price controls for Severn Trent Water
• PR19 draft determinations: Severn Trent Water draft determination
• Notification of the PR19 draft determination of price controls for South West Water Limited
• PR19 draft determinations: South West Water draft determination
• Notification of the PR19 draft determination of price controls for United Utilities
• PR19 draft determinations: United Utilities draft determination

PR19 draft determinations full list of documents.

Initial assessment of business plans – key documents:

• PR19 initial assessment of plans: Overview of company categorisation
• PR19 initial assessment of plans: Summary of test area assessment
  • Technical appendix 1: Delivering outcomes for customers
  • Technical appendix 2: Securing cost efficiency
    • Supplementary technical appendix: Econometric approach (Revised 13 February 2019)
    • Supplementary technical appendix: Europe Economics Frontier shift and real price effects
    • Supplementary technical appendix: KPMG totex and outcomes report
    • PR19 initial assessment of plans: historical expenditure, companies’ forecasts and Ofwat’s challenge
  • Technical appendix 3: Aligning risk and return
  • Technical appendix 4: Company specific adjustments to the cost of capital
  • Bid assessment framework information note
• PR19 initial assessment of plans: Anglian Water company categorisation
• PR19 initial assessment of plans: Dŵr Cymru company categorisation
• PR19 initial assessment of plans: Northumbrian Water company categorisation
• PR19 initial assessment of plans: Hafren Dyfrdwy company categorisation
• PR19 initial assessment of plans: Severn Trent Water company categorisation
• PR19 initial assessment of plans: South West Water company categorisation
• PR19 initial assessment of plans: Southern Water company categorisation
• PR19 initial assessment of plans: Thames Water company categorisation
• PR19 initial assessment of plans: United Utilities company categorisation
• PR19 initial assessment of plans: Wessex Water company categorisation
• PR19 initial assessment of plans: South Staffs Water company categorisation
• PR19 initial assessment of plans: Yorkshire Water company categorisation
• PR19 initial assessment of plans: Affinity Water company categorisation
• PR19 initial assessment of plans: Bristol Water company categorisation
• PR19 initial assessment of plans: Portsmouth Water company categorisation
• PR19 initial assessment of plans: South East Water company categorisation
• PR19 initial assessment of plans: SES Water company categorisation

PR19 initial assessment of plans full list of documents.

Final methodology documents:

• Delivering W2020: Our final methodology for the 2019 price review

• Ofwat’s price review: delivering more of what matters. Our final methodology for the 2019 price review – executive summary
• Appendix 1: Addressing affordability and vulnerability
• Appendix 2: Delivering outcomes for customers
• Appendix 3: Customer measure of experience (C-MeX) and developer services measure of experience (D-MeX)
• Appendix 4: Resilience
• Appendix 5: Water resources control
• Appendix 6: Bioresources control
• Appendix 7: Network plus water and wastewater controls
• Appendix 8: Company bid assessment framework – the principles
• Appendix 9: Direct procurement for customers
• Appendix 10: Assessment of the duration of retail controls and measures for the appropriate management of voids and gap sites
• Appendix 11: Securing cost efficiency
• Appendix 12: Aligning risk and return
• Appendix 13: Initial assessment of business plans
• Appendix 14: Approach to impact assessment
• Appendix 15: Responses to our draft methodology

Further documents

• Delivering Water2020: Consulting on our methodology for the 2019 price review
• Towards PR19: legitimacy through efficiency: Speech by Chief Executive Cathryn Ross at Moody’s UK Water Sector Conference
• Consultation on the approach to the cost of debt for PR19
• Consultation on the outcomes framework for PR19

Water 2020

• Delivering Water2020: Consulting on our methodology for the 2019 price review
• Water 2020: our regulatory approach for water and wastewater services in England and Wales
• Water 2020: Regulatory framework for wholesale markets and the 2019 price review
  • Ofwat’s draft Water 2020 framework: What does it mean for investors?
• Towards Water 2020 – meeting the challenges for water and wastewater services in England and Wales
  • Towards Water 2020 – policy issues: promoting markets
  • Towards Water 2020 – policy issues: regulating monopolies
• UKRN paper: Inflation measures in economic regulation