Quick Read
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On 19 December 2024, Ofwat—the economic regulator of English and Welsh water and wastewater utilities—published its final determinations for the eighth Asset Management Period (AMP8). The documents frame several parameters for the next investment period, beginning in April 2025 and running through March 2030. They set the utilities’ performance targets, investment levels, and authorized water and wastewater rates.
In this Research Note:
- Ofwat’s final determinations align with the sector’s needs and allow the average utility to ramp up investment to improve performance
- The 2024 price review offers a more favorable outcome than anticipated for most utilities, but there are ongoing concerns about the utilities’ financial health
- Thames Water’s final determination deals a blow to investors, but new bidders line up