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ARTICLE · 27 MARCH 2006

Ofwat responds to Independent Steering Group report

Ofwat has published its responses to the Independent Steering Group’s report into the conduct of the 2004 Ofwat periodic review.

United KingdomEnergy and Natural Resources
Robert Lane
Robert Lane
Munir Hassan
Munir Hassan

Ofwat has published its responses to the Independent Steering Group’s report into the conduct of the 2004 Ofwat periodic review. While recognising that it would be inappropriate to comment on the conduct of the next Price Review in 2009 (PR09), Ofwat commented on a number of areas that will be important for PR09, including stating that:

  • it is committed to early planning and preparatory work to deal with the large expenditure programmes which will face the water industry in the next 15 to 20 years. Ofwat is currently working with Water UK and water companies to evaluate the impact of the Water Framework Directive on the UK water industry.
  • it will review the methodologies relating to efficiency, capital maintenance banding adjustments, cost base and financeability adjustments of projects in the run up to the next price review.

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