UK Water Industry Flashcards
Who regulates the UK water industry
- Ofwat - economic regulator (england and wales)
- Water industry commission for scotland (WICS)
- Commission for regulation of utilities (CRU)
- Environement Agency - environmental regulator
- Drinking Water Inspectorate - quality of drinking water
Who pays fees for Ofwat?
Fees are paid by water and wastewater companies
What does AMP mean?
- Asset management plans (AMP) - 5 year investment cycles regualted by Ofwat.
What is price review and when does this occur?
Price review is a review conducted by Ofwat to determine what the water companies can charge the customers. Price reviews are undertaken at the beginning of the AMP period.
The 2024 price review (PR24) concluded in December 2024, setting price controls for 2025 to 2030
What is WRMP and its purpose?
WRMP stands for water resources management plan. It sets out how the water companies intend to achieve a secure supply of water and a protected and enhanced environment.
What legislation is WRMP under?
Water Industry Act 1991
How often must water companies prepare a WRMP, review it, and forecast their supply and demand?
25 year forcast
Prepare a plan for atleast 5 years
Review it annually
Who prepares WRMP
Each water companies must prepare its own WRMP
What is the sequence for WRMP, AMP and price review?
- WRMP - Water companies prepare and submit their WRMPs before the start of the AMP cycle.
- Price Review - The price review process follows the submission of the WRMPs. Ofwat reviews the WRMPs and business plans.
- Amp - With the price controls and investment levels determined, water companies proceed with executing their AMPs
Which regulatory bodies review WRMP
- Ofwat
- EA
- Natural resources wales
When was water industry in england and wales privatised?
1989
