Ofwat maintains the financeability focus

UK water shares might be riding high but Keith Mason, director of regulatory finance for the UK regulator, tells Andrew Cavenagh that there is no need for radical change.

The past year has seen UK water companies reap the benefits of the new pricing regime that came into effect from April 2005. This allowed them to raise their charges to customers by an average of 4.2% each year up to 2010, and it was no surprise that just over a month ago, they all reported significant hikes in ...

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