This document sets out Ofwat’s draft decisions to allow PR24 transition expenditure for schemes in the accelerated infrastructure delivery project. With the exception of SES Water, all English water companies submitted proposals for acceleration, and, after careful consideration, we propose to approve 31 schemes for acceleration, valued at around £500 million over the 2023-2025 period and over £1.6 billion overall. In addition to this, we have identified a further 37 schemes, totalling potentially £376 million of investment, in the 2023-25 period and £1.5 billion in total, that companies can progress through the 2024 price review (PR24) transition expenditure programme at their own risk.
We welcome any comments on this document. Please email them to [email protected]. The closing date for this consultation is midday on Monday 24th April.