Pr14 business plan thames water pay

It redefines the relationship between a water company and its customers, and recognises our societal responsibilities.

thames water vision

Download Additional data tables In addition to data associated with these models we provided Ofwat with information on a number of other areas of performance, including how we performed against our service delivery targets and any associated financial rewards or penalties, and whether we sold any land.

Contact us Business Plan legacy submission As part of our business plan foron the 27 July we provided information to Ofwat on our actual and forecast performance in the period We remain committed to our forward-looking plan Click here for more information.

On the other hand, the regulator criticised Southern Water for proposing underperformance collars on water quality compliance, pollution incidents and mains bursts, which would have limited the potential penalties the utility could incur if it slipped up in these vital areas.

thames iap response

Outside of the fast track category, a number of the companies are quite clearly a long way away from the stretching efficiency targets that Ofwat are expecting them to meet. The regulator also liked the way the company had engaged with customers for their views on resilience risks.

Thames water annual report

Contact us Business Plan legacy submission As part of our business plan for , on the 27 July we provided information to Ofwat on our actual and forecast performance in the period On the other hand, the regulator criticised Southern Water for proposing underperformance collars on water quality compliance, pollution incidents and mains bursts, which would have limited the potential penalties the utility could incur if it slipped up in these vital areas. Click here for more information. This is a transformative moment for Thames Water and our significant investment will help boost employment and regional economic growth and ensure London and the Thames Valley has the high-quality waste and water networks its residents rightly expect. Those companies are going to have to re-optimise their plan in the context of the challenges that Ofwat are placing upon them. It redefines the relationship between a water company and its customers, and recognises our societal responsibilities. We remain committed to our forward-looking plan The rest of the sector now needs to meet this high standard so that customers across the country get better and more efficient services. We are concerned that this will make it harder to meet the needs of our customers amid the challenges of population growth and climate change. The regulator also liked the way the company had engaged with customers for their views on resilience risks. This was to enable Ofwat to calculate any rewards or penalties that should be applied between to reflect our performance in the previous five year period. The other companies, meanwhile, must go back to the drawing board and submit revised plans by April 1st, with their draft determinations following in July. The July submission included a number of Ofwat models, used to calculate these rewards and penalties.
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Ofwat's assessments keep water companies in check