Our Business Plan to Developing our Business Plan Our full business plan for to and supporting appendices are available in the side panel of this page. You can also read, '5 years, 5 pledges' the summary of our plan. Along with the majority of the industry, our plan was given slow-track status.
Our Business Plan to Developing our Business Plan Our full business plan for to and supporting appendices are available in the side panel of this page. Our engagement programme, Talk on Water, has involved talking to nearly 3, people about their needs and priorities for their water service.
The following timeline sets out how we developed our plan. May — July October to January We also asked a wider range of customers about their priorities, including those experiencing difficult circumstances.
Publication of our Long Term Vision — tell us what matters most to you in the future. Public consultation on our draft Water Resources Management Plan —so customers could comment on our plans to secure resilient water supplies.
We updated and finalised our Business Plan, making some changes because of customer feedback.
We submitted our plan to Ofwat on 3 September We also produced a Statement of Response to our draft Water Resources Management Plan consultation and updated it to reflect the feedback we received. Ofwat will provide us with its initial view of our Business Plan.
Ofwat will make its final determination on our plan and set the service levels we must deliver and the cost of bills for to The role of Ofwat Ofwat was created when the water industry was privatised in They do this every five years and must balance the interests of customers with ensuring that companies can pay for and deliver the services they need to.
Ofwat is making changes to the regulatory framework from These changes are to encourage competition in the provision of water resources, the part of our business that abstracts water from rivers or the ground.
In preparation for the review of our business plan in September, Ofwat has requested that we provide them with information on our performance over to This covers three years of known performance and two years of forecast performance.
To find out more about Ofwat and their role in our business plan visit https:It ensures that public consultation on WRMPs will be completed before business plans are submitted to Ofwat; this is a change to earlier proposals that should help ensure companies have the evidence needed to underpin future water resources investment.
Ofwat methodology consultation August The Northumbrian and Essex and Suffolk Water Forums welcome the publication for consultation of Ofwat’s methodology for the upcoming Price Review: PR Given the complexity and length of the publication, and the tight timetable, we focus our consultation response on key points.
The role of Ofwat. These changes are to encourage competition in the provision of water resources, the part of our business that abstracts water from rivers or the ground. In order to make these changes, Ofwat has asked us to supply them with our view on the relative proportion of the business, the 'Regulatory Capital Value'.
contributing to each CCG assessment of a water company business plan.
The consultation indicates that the CCG report will be crucial in determining whether water companies’ business plans are assessed as ‘enhanced’, ‘standard’ or need ‘resubmission’. NRW recognise that these groups potentially have an important role to play.
Information about the Price Review and Water