Ofwat dishes out its pre-Christmas bonus
- From: Vol 10, Issue 12 (December 2009)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Bristol Water, Ofwat, South East Water, Thames Water, United Utilities and Yorkshire Water
UK water stocks staged a relief rally after the regulator eased its stance on tariff reductions in AMP5. Shareholders will increasingly be expected to help fund future growth.
The English and Welsh water companies will have to cut their tariffs by 1% in real terms over the next five years under the final price determinations announced by the industry regulator Ofwat at the end of November.
The reduction in charges over the period is considerably less than the 4% decrease that the regulator proposed in its draft determinations ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
