David Lloyd Owen -Ofwat surprises with its most pragmatic consultation paper in decades.
- From: Vol 12, Issue 4 (April 2011)
- Category: Analysis
- Country: United Kingdom
- Related Companies: Ofwat
After 21 years and four Periodic Reviews, Ofwat has realised that the regulation process has become an end in itself, something that many have known for some time.
Ofwat’s Future price limits – a preliminary model: informal consultation is perhaps the most pragmatic paper Ofwat has published since 1989. In it, they admit that data demands do not greatly assist in gaining a rounded picture of what is going on in each company and that a price review mechanism that takes three years for a fiveyearly settlement has ...
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