Water UK response to Ofwat PR19 methodology consultation launch
Commenting on Ofwat’s launch of consultation on methodology for PR19, Michael Roberts, Chief Executive of Water UK, said:
“Today’s launch is a significant milestone in the forthcoming price review for water companies in England and Wales for the period 2020 to 2025.
“This is the sixth review since privatisation in 1989, in a process which has seen the industry invest over £130billion in world-class drinking water quality and improved customer satisfaction levels, at prices which the independent regulator Ofwat has said would be 30% higher without the move from public ownership.
“Companies will be carefully considering Ofwat’s proposals in the interests of delivering continued service improvements at affordable cost to their customers.”
As part of the methodology consultation Ofwat propose that common performance commitments for leakage, supply interruptions and sewer flooding at PR19 are set using new definitions. A background briefing on this can be found here.
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