Water UK

In its first response to water company draft business plans submitted in August, Ofwat today warns that Ministers and regulators face hard choices in the next stage of the 2004 price review.

On 15 August water companies in England and Wales submitted their draft business plans for 2005 to 2010 to the economic regulator Ofwat. The aim is to secure the success the industry has achieved in recent years. (1)

Water UK comments on the joint statement published today by Defra, the Welsh Assembly Government, the drinking water quality and environmental regulators. Today's statement is a timely summary of the price review process and the parts played by government and the different water regulators.

As companies put the final touches to draft business plans due to reach Ofwat by 15 August the pace of Price Review 2004 is picking up.

Water UK comments on an independent, Ofwat-commissioned report into the conduct of the 2004 Periodic Review.

From 1 April water customers in England and Wales begin to pay the first bills of the new five-year water management period.

The overall risk profile of companies in the water and sewerage sector has increased in the past five years, according to an independent survey of debt and equity investors published today.

Water UK responds to final price determinations for England and Wales.

Water UK comments on ‘Water pricing: follow-up’ published today by the Environment, Food and Rural Affairs Select Committee.

Water UK comments on final government guidance to Ofwat and water companies on the 2004 periodic review of prices.