Ofwat to develop new financial model
- From: Vol 2, Issue 10 (October 2001)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Biwater, Bournemouth & West Hampshire Water, Dee Valley Water, Dwr Cymru, Ernst & Young, Pennon/South West Water, Tendring Hundred Water and Welsh Water (Dwr Cymru)
Ofwat has awarded a contract for the development of a new financial model used to set UK water companies’ price limits.
The UK water industry regulator has appointed Cap Gemini Ernst & Young to develop the new model. Called Aquarius 3, the computerised model will be used for setting price limits for the companies at the next price review in 2004.
Cap Gemini Ernst & Young will deliver the new financial model to Ofwat by May 2002. After testing the model, Ofwat will ...
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