Useful PR24 documents are listed below.
There are many ways to get involved with PR24: we use a range of approaches to meaningfully engage with stakeholders to test our policy thinking. We regularly undertake workshops and working groups on PR24, where we engage with stakeholders to help us improve our approach to delivering the right outcomes; our approach to assessing costs; and our approach to assessing allowed returns at PR24. To help develop the common reference scenarios and long-term delivery strategies, we’ve held specific workshops with companies, regulators and stakeholders. We undertake specific engagement with the Investor community, including regular roundtables on PR24.
There is also the Future Ideas Lab, which is a place for anyone to submit their ideas on how Ofwat could evolve the price review to meet the challenges faced by the water sector.
We have also published the cost assessment datasets.
Key publications and consultations
PR24 Draft methodology consultation – 7 July 2022
Serious pollution incidents and discharge permit compliance common performance commitments – 21 October 2022
Creating tomorrow, together: our final methodology for PR24 – Overview – 13 December 2022
Key speeches
From the pandemic and net zero to PR24: The current outlook from Ofwat – Beesley lecture by Aileen Armstrong. Delivered 25 November 2021. Highlights from the Beesley lecture.
Outlook for PR24 and beyond: Creating value for customers, communities, and the environment – Moody’s UK Water Event by David Black. Delivered 6 October 2021.
Delivering into the future – challenges for PR24 – WWT Water Industry Asset Management Conference by Aileen Armstrong. Delivered 5 October 2021.
PR24 and beyond: Long-term delivery strategies and common reference scenarios – PR24 Common Reference Scenarios Workshop by Aileen Armstrong. Delivered 1 October 2021.
Creating tomorrow, together: creating the framework for PR24 and future price reviews – Westminster Energy, Environment and Transport Forum (WEET) event by Aileen Armstrong. Delivered 8 September 2021.
Transforming the sector – the challenges for companies at PR24 – Future of Utilities: Water conference by Aileen Armstrong on 20 March 2023.
Other useful publications and consultations
Arup – Assessment of growth-related costs at PR24 – 22 November 2022
PR24 – Cost assessment datasets – 10 October 2022
UKRN guidance for regulators on the methodology for setting the cost of capital – consultation | UKRN: the UK Regulators Network 21 September 2022
Network reinforcement data request – Data sheet – 17 May 2022
Network reinforcement data request – supporting guidance – 17 May 2022
Average Pumping Head: data quality improvement report – 5 May 2022
Average Pumping Head data quality improvement report – Letter to companies – 5 May 2022
Average Pumping Head (APH) Appendix C – Maturity Matrix – 5 May 2022
Operational resilience discussion paper – 28 April 2022
2021-22 Operational resilience information request pro formas – 28 April 2022
IN 22/02 Cost assessment data requests – 28 April 2022
Ymchwil ar ddewisiadau cwsmeriaid – Adroddiad ar y cyd gan CCW ac Ofwat – 11 April 2022
Research on customer preferences – A joint report by CCW and Ofwat – 11 April 2022
PR24 and beyond: Final guidance on long-term delivery strategies – 6 April 2022
Customer engagement policy for PR24 – Explainer – 25 March 2022
PR24 and beyond: A collaborative approach in Wales – 17 March 2022
PR24 a thu hwnt: Dull cydweithredol yng Nghymru – 17 March 2022
PR24 and beyond: Customer engagement policy – a position paper – 24 February 2022
PR24 a thu hwnt: Polisi ymgysylltu â chwsmeriaid – papur safbwynt – 24 February 2022
PR24 and beyond: a discussion paper on outcome delivery incentives – 17 February 2022
Bioresources bid assessment framework – final guidance – 10 February 2022
Assessing base costs at PR24 – 9 December 2021
Our proposed approach to funding bioresources activities at PR24 – 9 December 2021
PR24 and beyond: Discussion paper on risk and return – 9 December 2021
PR24 and beyond: Performance commitments for future price reviews – 23 November 2021
Letter on our expectations for strategic planning frameworks at PR24 – 17 November 2021
Letter on the water resources price control – 17 November 2021
PR24 and beyond: Long-term delivery strategies and common reference scenarios – 17 November 2021
Draft long-term delivery strategies data tables – 17 November 2021
Bioresources market monitoring – 4 November 2021
Bioresources bid assessment framework – draft guidance – 4 November 2021
PR24 and beyond position paper: Collaborative customer research for PR24 – 27 October 2021
Bioresources cost allocation – Energy generation and odour control final decision – 26 October 2021
Gathering data about developer services – Data request 2020-21 – 9 August 2021
Gathering data about developer services – a consultation – 24 June 2021
CEPA report – Allocation of risk – 22 June 2021
Jacobs, Bioresources Market Review – 27 May 2021
Review of the Bioresources market – consultation – 27 May 2021
CEPA, Approach to the regulation of developer services at PR24 – 27 May 2021
PR24 and beyond: Creating tomorrow, together – 27 May 2021
PR24 and beyond: Creating tomorrow, together – executive summary – 27 May 2021
PR24 and Beyond: Creating tomorrow, together. Appendix – Examining the boundary of the targeted control for water resources – 27 May 2021
PR24 and Beyond: Creating tomorrow, together. Appendix – Reflecting customers’ preferences – 27 May 2021
PR24 and beyond: Reflecting customer preferences in future price reviews – 9 December 2020
PR24 and beyond: Future challenges and opportunities for the water sector – 9 December 2020
Cyhoeddiadau ac ymgynghoriadau – Cymraeg
PR24 a thu hwnt – Ystyried dewisiadau cwsmeriaid mewn adolygiadau prisiau yn y dyfodol – Crynodeb gweithredol -9 Rhagfyr 2020
PR24 a thu hwnt: Heriau a chyfleoedd y dyfodol ar gyfer y sector dŵr – 11 Rhagfyr 2020
PR24 a thu hwnt Creu yfory, gyda’n gilydd – crynodeb gweithredol – 27 Mai 2021
PR24 Newsletters
PR24 Newsletter: 18 January 2022
PR24 Newsletter: 25 March 2022