Ofwat punishes UK water shareholders
- From: Vol 10, Issue 8 (August 2009)
- Category: General
- Region: Europe
- Country:
- Related Companies: HSBC, Ofwat, Severn Trent and Thames Water
The regulator has taken a hard line in its interim determination for 2010-2015. All of a sudden, the UK water sector has lost a lot of its investment appeal.
Ofwat has proposed a tough pricing regime for 2010-15, which would see average water bills in England and Wales fall by 4% in real terms, while companies will still be expected to invest £21 billion during the five years.
The industry regulator's interim determination on 23 July (it may adjust the figures in its final determination in November) would ...
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
