Today marks a crucial milestone as companies submit their plans for the next price review period, spanning from 2025 to 2030, to the Office of Water Services (Ofwat). The proposed plans, which will undergo thorough scrutiny and challenge by Ofwat, are expected to be finalised in December 2024.
Ofwat has mandated that companies adopt ambitious strategies to reduce pollution while ensuring value for money for consumers. To foster positive change, an incentive regime will be implemented, rewarding effective delivery and imposing financial penalties on companies that fail to meet the challenge.
