Bythe population of Greater London had grown to an estimated eight million  and Thames Water said that the current system lacked the necessary capacity.
Working with our regulator — consultation responses The Water Services Regulation Authority, also known as Ofwat, is the water industry economic regulator.
As part of its role, Ofwat produces process and policy documents which they ask water companies to comment on. These are usually called consultations.
Ofwat uses the price review to set the price, investment and service package that our customers receive, therefore controlling how much we can charge our customers for the services that we provide them. As part of the price review process, we must submit a business plan that is assessed by Ofwat.
The next price review will be held in PR19 and we have already started planning for it. PR19 will set our price controls from 1st April to 31st March PR19 will provide a resilient long-term future for water in Yorkshire.
It will ensure that we provide more of what matters to our customers, at a price they can afford and are willing to pay for. The Yorkshire Forum for Water Customers has a key role in helping Ofwat, scrutinise our business plans.
At PR14 Ofwat introduced a number of incentive mechanisms that had the potential to reward or penalise companies where they out or under-performed against agreed targets for improving performance for customers, and mechanisms that shared with customers benefits from efficiencies achieved or consequences for legitimate additional costs required in the delivery of services.
The output from the Yorkshire Water PR14 reconciliation will be proposed adjustments to our future revenues and regulatory capital value RCV for performance delivered between and a combination of actual and forecast performance. Ofwat will take account of companies performance over the period in its initial assessments of company business plans at PRAug 09, · My neighbor had set up a willw riting business and came over to help me with my will after I had lost both my mother and partner within 24 hours.
Business Planning expectations ‘A consultation’. Thank you for the opportunity to comment on the latest consultation on the approach to the periodic review process.
Ofwat's also flagged that corporate leadership will form a key part of their assessment of resilience in the round. The next theme is innovation and how it must be embedded within any company's response to the resilience challenge.
Aug 09, · My neighbor had set up a willw riting business and came over to help me with my will after I had lost both my mother and partner within 24 hours. Quick links: Volume 23 Volume 22 Volume 21 Volume 20 Volume 19 Volume 18 Volume 17 Volume 16 Volume 15 Volume 14 Volume 13 Volume 12 Volume 11 Volume Published Articles.
Our Business Plan to Every five years, all water companies are required to submit a Business Plan to Ofwat, the economic regulator. On 3 September , we submitted our Business Plan, detailing our proposals for the years –