We set high expectations for water companies at PR19. We pushed them to go further than ever before, improving efficiency, customer service and resilience. We asked them to share financing gains with customers and to ensure that dividend and executive pay policy is aligned to delivering for customers. We asked them to look well beyond the five-year price review period to meet needs of future customers and protect and improve the natural environment.
Our initial assessment of water companies’ business plans for 2020 – 2025 shows how the best companies across England and Wales are rising to these challenges.
Our decisions at a glance
Three companies – Severn Trent Water, South West Water and United Utilities – submitted plans that set a new standard for the sector. We have given these companies the green light, so they can get started on delivering their plans for customers.
We will be pushing the remaining companies to go further to achieve the new standard set by Severn Trent Water, South West Water and United Utilities.
PR19 initial assessment of plans: Overview of company categorisation
PR19 initial assessment of plans: Summary of test area assessment
- Technical appendix 1: Delivering outcomes for customers
- Technical appendix 2: Securing cost efficiency
- Supplementary technical appendix: Econometric approach (Revised 13 February 2019)
- Supplementary technical appendix: Europe Economics Frontier shift and real price effects
- Supplementary technical appendix: KPMG totex and outcomes report
- PR19 initial assessment of plans: historical expenditure, companies’ forecasts and Ofwat’s challenge
- Technical appendix 3: Aligning risk and return
- Technical appendix 4: Company specific adjustments to the cost of capital
- Bid assessment framework information note
You can watch the investor conference call below:
The transcript of the call is available here.
PR19 initial assessment of plans: Anglian Water company categorisation
- Anglian Water: Test area assessment
- Anglian Water: Test question assessment
- Anglian Water: Actions summary table
PR19 initial assessment of plans: Dŵr Cymru company categorisation
- Dŵr Cymru: Test area assessment
- Dŵr Cymru: Test question assessment
- Dŵr Cymru: Actions summary table
PR19 initial assessment of plans: Northumbrian Water company categorisation
- Northumbrian Water: Test area assessment
- Northumbrian Water: Test question assessment
- Northumbrian Water: Actions summary table
PR19 initial assessment of plans: Hafren Dyfrdwy company categorisation
- Hafren Dyfrdwy: Test area assessment
- Hafren Dyfrdwy: Test question assessment
- Hafren Dyfrdwy: Actions summary table
PR19 initial assessment of plans: Severn Trent Water company categorisation
- Severn Trent Water: Test area assessment
- Severn Trent Water: Test question assessment
- Severn Trent Water: Actions summary table
PR19 initial assessment of plans: South West Water company categorisation
- South West Water: Test area assessment
- South West Water: Test question assessment
- South West Water: Actions summary table
PR19 initial assessment of plans: Southern Water company categorisation
- Southern Water: Test area assessment
- Southern Water: Test question assessment
- Southern Water: Actions summary table
PR19 initial assessment of plans: Thames Water company categorisation
- Thames Water: Test area assessment
- Thames Water: Test question assessment
- Thames Water: Actions summary table
PR19 initial assessment of plans: United Utilities company categorisation
- United Utilities: Test area assessment
- United Utilities: Test question assessment
- United Utilities: Actions summary table
PR19 initial assessment of plans: Wessex Water company categorisation
- Wessex Water: Test area assessment
- Wessex Water: Test question assessment
- Wessex Water: Actions summary table
PR19 initial assessment of plans: South Staffs Water company categorisation
- South Staffs Water: Test area assessment
- South Staffs Water: Test question assessment
- South Staffs Water: Actions summary table
PR19 initial assessment of plans: Yorkshire Water company categorisation
- Yorkshire Water: Test area assessment
- Yorkshire Water: Test question assessment
- Yorkshire Water: Actions summary table
PR19 initial assessment of plans: Affinity Water company categorisation
- Affinity Water: Test area assessment
- Affinity Water: Test question assessment (Revised 7 February 2019)
- Affinity Water: Actions summary table
PR19 initial assessment of plans: Bristol Water company categorisation
- Bristol Water: Test area assessment
- Bristol Water: Test question assessment
- Bristol Water: Actions summary table
PR19 initial assessment of plans: Portsmouth Water company categorisation
- Portsmouth Water Test area assessment
- Portsmouth Water Test question assessment
- Portsmouth Water Actions summary table
PR19 initial assessment of plans: South East Water company categorisation
- South East Water: Test area assessment
- South East Water: Test question assessment
- South East Water: Actions summary table
PR19 initial assessment of plans: SES Water company categorisation
- SES Water: Test area assessment
- SES Water: Test question assessment
- SES Water: Actions summary table
Additional documents:
PR19 initial assessment of plans: Glossary
Common Performance Commitment outline for the Priority Service Register