On 10 March Ofwat invited companies that did not pre-qualify for enhanced status under the risk-based review to submit revised business plans by 2 May 2014 and request a draft determination by 25 June. To accept a request for an early draft determination, Ofwat said that companies must submit further information addressing outstanding queries and be of a sufficiently high quality to form the basis of the draft determination.
On 2 May two companies, Northumbrian Water and Dŵr Cymru submitted revised business plans. Ofwat has examined these plans and considers that both companies have applied best endeavours toaddress the gaps identified under the risk-based review.
Ofwat will proceed with early draft determinations for Northumbrian Water and Dŵr Cymru. These will be published by no later than 25 June.
Notes to editors
- The Water Services Regulation Authority (Ofwat) is the economic regulator of water and sewerage companies in England and Wales. It exercises its powers in a way that it judges will protect the interests of consumers, promote value and safeguard future water and sewerage services by allowing efficient companies to carry out their functions properly, and finance them.
- Further details on the price review process can be found www.ofwat.gov.uk/pricereview
- This release may be of interest to those following these companies: Affinity Water, Anglian Water Services Ltd, Bristol Water plc, Cholderton and District Water Company Ltd, Dee Valley Water plc, Dŵr Cymru Cyfyngedig (Welsh Water), Northumbrian Water Ltd, Portsmouth Water plc, Sembcorp Bournemouth Water Ltd, Severn Trent Water Ltd, South East Water Ltd, Southern Water Services Ltd, South Staffordshire Water plc, South West Water Ltd, Sutton & East Surrey Water plc, Thames Water Utilities Ltd, United Utilities Ltd, Wessex Water Services Ltd, and Yorkshire Water Services Ltd.
- Media enquiries to Ofwat Press Office on:
Benedict Fisher 0121 644 7642 / [email protected]
Harbinder Babra 0121 644 7616 / [email protected]