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Price Review (PR14) latest

All water companies have now submitted revised business plans for 2015-20 to Ofwat and await the regulator's draft determinations of price limits.

South West Water and Affinity Water submitted their plans earlier in the year and received their draft determinations in April. Dwr Cymru and Northumbrian Water also submitted earlier and received their draft determinations in June.

In 2015-20 almost all water companies will hold down bills to keep them in line with or lower than inflation. To help keep customer bills down, investors will receive lower returns in 2015-20.

However, all companies will continue their major investment programmes (expected to be worth around £25 billion for 2015-20) to maintain and improve the high standard of water and sewerage services.

The Price Review
Ofwat website

Rob Wesley