This letter sets out our proposed approach to the storm overflows performance commitment definition for the 2024 price review (PR24). It follows:
- our PR24 final methodology in December 2022;
- responses to our draft performance commitment definition, due by 31 January 2023; and
- workshops we have held with stakeholders in March and April 2023, including water companies, environmental regulators, consumer representatives and environmental stakeholders and campaign groups.
We set out our overall approach (including the role of price reviews) in section 1, our proposals in section 2, and next steps in section 3. We include a draft performance commitment definition in annex 1 for comment.
We welcome views by 23 May 2023. Please send responses to [email protected]. This two-week consultation period reflects prior stakeholder engagement and enables us to update the performance commitment definition on our website in June 2023, so that water companies must take account of it when submitting their business plans in October 2023.
We have published slides from stakeholder workshops held on 4 and 12 April 2023 on our website.