Review of Ofwat's 2004 price control review

Press release and summary (9 pages, PDF) for the independent review of Ofwat's 2004 periodic review. The full report (81 pages, PDF) suggests a joint industry review of efficiency studies and economic appraisal approaches, along the lines of the "common framework" for capital maintenance developed after the 1999 review. Stakeholders were also concerned about capital maintenance adjustments, the cost base and the lack of clarity in relation to financeability adjustments and their repercussions on future reviews.

For further information or advice please contact Franck Latrémolière.

Filed under Ofwat, Water.

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