Brief: Ofwat says £3.4 Bln Of Funding Provisionally Approved For 13 Water Companies
13/08/2026 07:18
BRIEF-Ofwat says £3.4 Bln Of Funding Provisionally Approved For 13 Water Companies Aug 13 (Reuters) - Ofwat:
WATER SERVICES AUTH - COST CHANGE DRAFT DETERMINATIONS
OFWAT: £3.4BN OF FUNDING SET TO UNLOCK FURTHER IMPROVEMENTS FOR WATER COMPANY CUSTOMERS, COMMUNITIES AND ENVIRONMENT
OFWAT: COST CHANGE PROCESS PROVIDES FLEXIBILITY BETWEEN PRICE REVIEWS, SO COMPANIES CAN DELIVER ON IMPROVEMENTS AND UPGRADES WITHOUT DELAY
OFWAT: PRICE CONTROL DELIVERABLES (PCDS) WILL ALSO BE ATTACHED TO ALLOWED REQUESTS, SETTING OUT OUR EXPECTATIONS FOR DELIVERY
OFWAT: WHERE WATER COMPANIES FAIL TO DELIVER OUTCOMES OR OUTPUTS, THEY WILL RETURN FUNDING TO CUSTOMERS
Source text: ID:nRSM4471Qa