On 30 May, Ofwat published the draft determinations of Northumbrian Water and Dŵr Cymru’s price controls for the 2014 price review. Today Ofwat has published the populated financial models that it used in arriving at those draft determinations.
The populated financial models reflect input assumptions, treatment of allowed expenditure and financial treatment appropriate to price setting. These assumptions include standard notional assumptions on companies’ financial structure. As a result, in a number of respects the models will not necessarily represent a forecast of each company’s actual financial projections, expenditure or statements.
Notes to editors
- 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.
- The relevant models and further details about Ofwat’s 2014 price review are available on www.ofwat.gov.uk
- Media enquiries to Ofwat Press Office on [email protected] or:
Simon Markall 0121 644 7696
Harbinder Babra 0121 644 7616