06/05/04
Water UK today released an overview of final business plans for 2005 to 2010 sent to Ofwat last week by water companies in England and Wales. The plans follow publication in August last year of draft plans, which have been the subject of intensive consultation with the industry’s stakeholders.
On average the final plans show water bills in line with the drafts in spite of providing higher investment in services prioritised by customers and required by government.
Over the five years the plans show a real increase (excluding inflation) in the average household bill of £14 each year, a total of £70, taking the average £240 water and sewerage bill in 2004-05 to £310 by 2010.
These figures cover a new capital programme of nearly £22 billion for 2005-10, an increase of £5 billion over 2000-05. This investment will pay for improvements in drinking water and environmental quality, the balance between supply and demand, customer services, and maintenance of the time-expired plant and pipes on which the whole system depends.
The plans provide a full picture of the industry today and the aspirations of customers, regulators, government and others, as well as the companies themselves. They reflect regional and local differences as well as many common characteristics.
Pamela Taylor, Chief Executive, said:
“There is a broad consensus among stakeholders on the big issues such as the need for adequate maintenance of critical assets, continuing to improve quality, tackling sewer flooding, and supporting customers who find it hard to pay their bills.
“There will always be different views on the development of essential services, but we have an opportunity now to build on the many successes of recent years. These plans are good value for money and will make a growing contribution to a healthy economy and environment in England and Wales in the years ahead.”
Ends
Further information
Barrie Clarke, Director of Communication
020 7344 1804 (pager 07669 130685) or
Robert Weeden, Economic Regulation Adviser
020 7344 1842
Price review background briefings
Published by Water UK
Statement by Pamela Taylor,
Water UK chief executive
