PN 15/16 Ofwat publishing consultation on the final 2010-15 reconciliation

5 October 2016

Ofwat has today published a consultation on the final reconciliation for the 2010-15 period. For the last price review, PR14, when considering companies’ performance over the period 2010-15, Ofwat had to use forecast information as the 2014-15 year was still in progress.

Companies have now provided complete information and final audited spend and performance data for the whole 2010-2015 period, which we have used to update out analysis. Information from this will be used in the next price review period covering 2020-25.

Alongside this consultation, Ofwat has also published a proposed further version of its PR14 reconciliation rulebook, on the process for handling the reconciliation of the 2015-20 period in the next price review. This includes minor updates from the last version published in February.

ENDS

The consultation is available online at Ofwat.gov.uk.

Notes to editors

  1. 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.
  2. Further details on the last price review, PR14, are available on the Ofwat website
  3. Media enquiries to Ofwat Press Office on: Mark Anderson 0121 644 7642 and 07884 117 760 / [email protected]