On 21 November 2017, the outgoing head of UK water sector regulator Ofwat provided an update on price review 19 (PR19), which underscored its outcome-focused approach. The update also offered a longer-term vision for making utilities more efficient.
PR19 has received significant criticism from UK utilities who argue that the tariffs will stifle investment. In this Research Note, Bluefield water experts look at Ofwat’s call for change as well as market forces impacting the water utility model.
More Bluefield analysis on this topic:
- Thames Water Penalized £8.6 million as Leakage Skyrockets
- AMP6 Seeks Sea Change for UK Utility Market
- Water Plus JV Ripples through UK Utility Competition
- Leakage Management in Europe: Water Utilities Develop Multi-Vendor Strategies