Bristol Water has responded to Ofwat’s PR19 Draft Methodology, published on 11 July 2017. You can find the document in PDF format at the bottom of this page.
The Draft Methodology consults on Ofwat’s methodology for the 2019 price review (PR19) for the water and wastewater monopoly service providers in England and Wales.
The methodology sets out:
- Ofwat’s expectations and requirements for companies preparing their business plans to meet the needs of their customers from 2020 to 2025 and beyond;
- how these expectations form the basis for the tests that Ofwat will use to assess company business plans;
- the approach that Ofwat will use if they need to intervene in those plans to ensure that companies deliver the step change required by customers; and
- how Ofwat’s assessment will flow through into companies’ price limits, service commitments and the wider incentive framework.
Ofwat’s price review is an important tool for delivering trust in water. PR19 provides the framework for a resilient long-term future for water, providing more of what matters to customers at a price they can afford and are willing to pay.
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