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Shareholders approve Thames Water’s plan for an additional £2 billion of expenditure
Shareholders approve Thames Water’s plan for an additional £2 billion of expenditure aimed at improving performance and outcomes for customers, leakage and river health and to accelerate delivery of Thames Water’s turnaround
The Board and shareholders of Thames Water have approved a £11.5 billion business plan for the current regulatory period ending 31 March 2025, developed by Thames Water’s Executive team to improve performance and outcomes for customers, leakage and river health and to accelerate delivery of Thames Water’s turnaround. The revised business plan represents a £2 billion increase in expenditure, compared to the £9.6 billion agreed in the water company’s final determination for 1 April 2020 to 31 March 2025.
Sarah Bentley, Thames Water’s Chief Executive said: “Since joining in September 2020 I have engaged in understanding the challenges that led to Thames Water’s long-term underperformance. In March last year, I launched our turnaround plan, to tackle the issues directly, transform performance and build a better Thames Water for all of our stakeholders. I brought on board an almost entirely new Executive team and moved the business closer to customers by establishing separate operational teams in London and the Thames Valley. One year into the turnaround, we have made good progress in fixing the basics and tackling the structural challenges in our business as well as laying the foundations for our long-term recovery. “However, everyone at Thames is aware that we’re only at the start of our journey and there remains a huge amount to be done and delivered. We’re also aware that none of the programme can be delivered without significant capital investment. With this new, substantial equity investment programme our shareholders are both underpinning the investment vital for our improvement and also expressing their confidence in the long-term outlook for Thames Water. We warmly welcome their continued support. “This equity investment programme is a major milestone in our recovery plan. It gives the capital to invest, that will match the passion and commitment that exists throughout Thames, to improve our operations, improve outcomes for our customers and enhance our environment. I look forward to working closely with the Board, our shareholders and Team Thames as we work together to deliver the turnaround plan and develop our plans for PR24, which will be the next step on our journey.”
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Thames Water 5-year plan for 2020 to 2025 – Thame catchment
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Letter to RTCT from Richard Aylard CVO, Sustainability Director, Thames Water. 22nd January 2021.
Link to download Stakeholder Glossary
I am pleased to say that, following two rounds of feedback from Ofwat and after detailed consideration, the Thames Water Board decided to accept Ofwat’s ‘final determination’.
We have now started to deliver our new 5-year plan, in line with our restated corporate purpose ‘to deliver life’s essential service, so our customers, communities and the environment can thrive’. Our plan focuses on three clear strategic ambitions:
- delivering brilliant customer engagement,
- investing in resilient systems and assets and;
- generating public value.
Now that the details of our business plan have been finalised, I can update you on what is included on both a regional and a local level. Some of the projects described in these plans already have target dates for completion. Where this is the case we have specified the date. In all other cases, you should assume that the work will be complete by 31st March 2025.
Our long-term regional plans
Water companies have always produced Water Resource Management plans (WRMPs), setting out the projected demand for water supplies in their area, over at least a 25 year period, and how they will meet it. In a new development, we have been working at an industry level to build the framework and methodology for comparable plans for wastewater, now known as Drainage and Wastewater Management Plans (DWMPs). These are long term strategic plans which will set out how wastewater systems, and the drainage networks that impact them, are to be extended, improved and maintained, from 2025 onwards. This is to ensure they are robust and resilient to future pressures, such as population increase and climate change.
Drainage and Wastewater Management Planning
Throughout the first few years of this new funding period (2020-25) we will develop our first DWMP. We will do this through engaging with our stakeholders as much as possible, so that we understand local challenges and include them in our plans. In October we started holding area-specific data sharing workshops, with one workshop for each Lead Local Flood Authority. The Thame catchment partnership were invited to attend the workshop for Oxfordshire, on the 24th November 2020. If you would like any further information on our DWMP please contact the team at [email protected] .
Water Resource Planning – Water Resource Zones
Our supply area covers 13,000 square km, and every day we supply approximately 2.6 billion litres of water to around 10 million people and 215,000 businesses. Not only is our supply area vast but it is also designated as a water stressed area. To ensure a secure and sustainable supply of water for our customers we regularly review and update our Water Resource Management Plan (WRMP), which can be found here: https://www.thameswater.co.uk/about-us/regulation/water-resources . To tailor our WRMP to our diverse supply area we have divided it into six different water resource zones (WRZs). The Thame catchment is split between the Swindon and Oxfordshire (SWOX) WRZ and Slough, Wycombe and Aylsburys (SWA) WRZ (Figure 1).
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Over the next 10 years in the SWOX WRZ we will be rolling out our progressive metering programme with the aim of achieving total household meter penetration in the area of 92% by 2030. The SWA WRZ will also rollout this programme and aims to achieve 87% smart meter penetration of individual household customers by 2030. Metering on household properties provides both a usage benefit, from reduced customer consumption, and a leakage benefit, from the increased ability to detect and repair customer side leaks.
We will continue to promote water efficiency and metering to help customers use water wisely and by March 2025, we aim to deliver circa 8.8 Ml/d benefits through the water efficiency campaign, including smarter home and business visits. Throughout our whole supply area, we have reduced leakage by 10% from 2018/19 to 548 Ml/d, which is 22 Ml/d above this year’s target of 526 Ml/d, largely due to the ongoing impact of Covid-19 on our repair plan. And now of course we need to go further to deliver on the next round of targets. Here are of our some of suggestions on how to be more water smart: https://www.thameswater.co.uk/help/water-saving
Our biodiversity plans for the next 5 years in the Thame catchment
Our plan includes a formal performance commitment to deliver 5% biodiversity net gain on 253 of our sites which have been identified as our more important sites for nature. Fourteen of these sites of biodiversity interest are in the Thame catchment:
- Aston Rowant SSSI (non-operational)
- Aylesbury sewage treatment works
- Chalgrove sewage treatment works
- Chinnor covered reservoir
- Cuddesdon sewage treatment works
- Cuddington borehole and pumping station
- Dancers End SSSI borehole and pumping station
- Lewknor covered reservoir and borehole
- Tring sewage treatment works
- Watlington SSSI
- Whitchurch water booster station
- Whiteleaf water pumping station
- Winchester Wood water pumping station
- Worminghall sewage treatment works
We have a large biodiversity net gain project due to commence in Spring 2021 to create a permanent wetland/flood plain grazing marsh in land north of Aylesbury sewage treatment works and grassland improvement. We had a site meeting on the sewage treatment works in September 2020 with a number of stakeholders including the River Thame Conversation Trust, the County Ecologist, EA, and members of the local bird group. The size of the project we are proposing is around 2 hectares in size (20,000m2).
- Approximately 7000m2 will remain as environmentally enhanced wet pasture – will be categorised as flood plain grazing marsh in the DEFRA metric.
- Approximately 3000m2 will have shallow standing water (less than 0.5m) year-round.
- Approximately 3000m2 will be slightly raised mounds for nesting/roosting sites.
- Approximately 7000m2 will receive removed rank turf and become a cultivated lowland wildflower meadow
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This project is currently going through a screening opinion with the Council and we hope to be on site in the early Spring 2021, preferably March.
We have already undertaken grassland habitat improvements on Tring sewage treatment works, Whiteleaf water pumping station and Winchester Wood water pumping station by reducing the mowing from monthly cuts to twice a year cuts where possible. We have submitted requests to our grounds maintenance team to reduce cuts on sites Aylesbury sewage treatment works, Lewknor covered reservoir and borehole and Worminghall sewage treatment works which we hope to be implemented in the Spring.
We are negotiating tree and hedgerow planting with our operational colleagues on Winchester wood, Whitchurch booster, Tring & Charlgrove sewage treatment works and Aston Rowant SSSI.
We are currently investigating the opportunity on Cuddington borehole and pumping station.
We will be in touch in due course to confirm our plans, but if you have knowledge of your local Thames Water sites and suggestions for how to improve their biodiversity, even if they aren’t ones listed here, we would be keen to hear from you.
Water Industry National Environment Programme (WINEP)
Alongside all the other water companies operating in England, as part of our environmental obligations we are required to complete a set of actions, requested by the Environment Agency, which form part of the WINEP for 2020 to 2025.
The national WINEP programme aims to help to tackle some of the biggest challenges facing the water environment, from the spread of invasive species and low flows to the effects of chemical and nutrient pollution. The details of the schemes included in the WINEP are available online, for anyone to view and download, see here: https://data.gov.uk/dataset/a1b25bcb-9d42-4227-9b3a-34782763f0c0/waterindustry-national-environment-programme .
Our WINEP investment can be broadly divided into eight main categories:
- Sewage treatment works (STW) upgrades and network improvements – Investment to enhance wastewater treatment, increase storage capacity or enhance the network to improve or protect the quality of the receiving waterbody.
- Monitoring and investigation schemes – Investment to understand better how our operational activities may impact on the environment and how these could be improved to reduce this impact, including the effects of abstraction.
- Conservation schemes – Investment to meet specific conservation measures to reduce our impact on protected sites or biodiversity.
- Investigations into emerging risks – Investment to understand emerging risks facing the water industry such as trace chemical or pharmaceutical residues, microplastics or antimicrobial resistance.
- Catchment management activities – Investment to manage pesticides, nitrates and herbicides in surface and ground waters through catchment activities.
- Alleviating low flows – Investment to investigate or undertake work to alleviate the impacts that our abstractions have on low flows.
- Reducing environmental impact of river structures – Investment to improve fish passage in waterbodies through work on our assets where they have been proven to be a blocker.
- Addressing invasive non-native species (INNS) – Investment to investigate and implement measures to reduce the risk of INNS associated with our activities.
The table below summarizes the elements of the WINEP in the Thame catchment. For help with the many acronyms, please see our Stakeholder Glossary.
LocationWater/ WastewaterScheme DetailsAylesbury STW Chalgrove STW Chinnor STW Cuddington STW Culworth STW Dorchester STW Dorton STW Forest Hill STW Haddenham STW
Horton-cum-Studley STW Little Milton STW
Long Crendon STW Princes Risborough STW Shabbington STW Stanton St John STW Stewkley STW
Stone STW Tetsworth STW Thame STW Waddesdon STW Watlington STW Wingrave STW Wheatley STW
Worminghall STW
WastewaterMonitoring of FFT:
a) Investigation of suitability of existing equipment: Chinnor, Dorchester, Dorton, Haddenham, Little Milton, Stewkley, Tetsworth, Waddesdon, Watlington, Wingrave, Wheatley;
b) Installation of new flow monitoring equipment: Aylesbury, Chalgrove, Cuddington, Forest Hill, Horton-cum-Studley, Long Crendon, Princes Risborough, Shabbington, Stanton St John, Stone, Thame, Worminghall;
• All sites: Monitoring of the overflow/discharge to storm storage to complement the flow monitoring in a) and b) above
Chalgrove STW Wastewater• Increase the storage capacity to help contain excess flows in wet weather.
• Investigation to assess the longer-term declines in concentrations of triclosan, which has previously had a usage ban. This monitoring will help us and the Environment Agency to understand if compliance could confidently be expected in the short term, without the need for expensive and carbon intensive treatment technologies while the
concentrations continue to decline as a result of the usage ban.
Chinnor STW Wastewater• Upgrade of the treatment works to increase full treatment capacity.
• Investigation to identify and understand any sources of Tributyltin in sewage effluent.
• To investigate and implement load standstill limits for Triclosan
Chilton STW Wastewater• To investigate and implement load standstill limits for Copper (dissolved) Dorton STW Wastewater• Treatment works enhancement to reduce the phosphorous concentration of the STW final effluent, in order to meet good ecological status in the river.
• Installation of new flow monitoring
equipment, where the flow has not previously been monitored.
Lewknor STW Wastewater• Treatment works enhancement to reduce the phosphorous concentration of the STW final effluent, in order to meet good
ecological status in the river.
The timescale for delivery for each of these schemes is still to be confirmed, as the majority are still at the design stage, but all are funded and will have been completed by the end of March 2025. For some schemes, particularly those aimed at reduction of discharges of storm sewage, there may be different options to deliver the same objective, and confirmation of our approach will be made nearer the time, following more detailed consideration of the various options.
You may be aware that just before Christmas the Environment Agency announced that the Secretary of State for the Environment, Food and Rural Affairs decided to accelerate approval of the ‘amber’ measures in the WINEP in advance of the ministerial approval of the RBMPs. For the Thame catchment this means seven ‘amber’ schemes will be confirmed as ‘green’ in an update of the WINEP in March 2021. The list of schemes above includes the seven additional schemes.
Wastewater networks
Surface Water Outfalls. Throughout this new funding period (2020-25) we will continue with the surface water outfall programme to identify outfalls to watercourses that are suffering from wastewater pollution. These outfalls are diagnosed with widespread sources, which are most likely third-party misconnections.
Misconnections occur when domestic appliances are connected to surface water drains rather than foul waste pipes. Once identified, they are highlighted to the relevant customer and where appropriate escalated to the local authority to ensure they are resolved.
We are extremely grateful to the volunteers who continue to take part in citizen science Outfall Safari programmes to identify and report on suspected polluted surface water outfalls. We would encourage the Thame catchment partnership to consider organising your own Outfall Safari. This link will take you to our guide on how to do so https://catchmentbasedapproach.org/learn/outfall-safari-guide/.
If you need any help in facilitating an Outfall Safari please let your Thames Water Catchment partnership rep, know as we want to help and might be able to provide volunteer support. Currently we are not aware of any polluted surface water outfalls in the Thame catchment, but this does not mean they don’t exist.
Our surface water outfall programme has historically focused on our most urban catchments where misconnection rates are higher. However, we are expanding our surface water outfall team to improve coverage of the Berkshire/Oxfordshire area helping us to identify and resolve more misconnections in rural catchments. Our surface water outfall team will share more details in the coming months.
Drainage strategies and reducing infiltration. Over the last 5 years (2015-20) we have developed local drainage strategies for the STW catchments impacted by high groundwater as these areas are at an increased risk of sewer and surface water flooding and can lead to treatment works being overwhelmed. In the Thame catchment, drainage strategies have been developed for the Chinnor, Princes Risborough and Watlington sewerage catchments. We have studied the catchments and are now at the intervention stage and have begun implementing the identified long-term solutions. This includes rehabilitating sewers using a leak tight sewer lining technology and patch repairs, investigating options to disconnect or attenuate roof area which is connected to the foul network, and continuing to monitoring the STW catchment and respond to sewer depth monitor alarms.
The Drainage Strategy framework has been replaced by the DWMP process (mentioned above). The DWMP process does not focus on infiltration risk and therefore to ensure we follow a consistent approach we need to adapt our existing drainage strategies to meet the Environment Agency’s Regulatory Position Statement where required. We are using the latest wet winter period to reassess whether we are targeting the right catchments as a priority and are in the process of agreeing these with the Environment Agency.
Catchment Schemes
We are trialling an innovative approach to catchment management through the Smarter Water Catchments programme, working in collaboration with the Evenlode, Crane and Chess catchment partnership networks with the aim to gradually implement this approach across other catchments, from April 2025, if proven successful.
Over the coming months we will continue to develop our plans for this funding period. Throughout that process we want to work with the catchment partnership and other interested parties. We will share partnership opportunities where we identify them, but equally we will always consider any offers of assistance.
I trust this is update is helpful and offers a useful insight into the environmental commitments included in our plan for the next 5 years. If you would like further information please don’t hesitate to get in touch with your current catchment rep, Tim Beech, or you can always reach out to our environmental engagement team via [email protected].
Yours sincerely,
Richard Aylard CVO Sustainability Director
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Thames Water submits ambitious £11.7bn business plan
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Water and wastewater company, Thames Water , is planning to spend £11.7bn on improving infrastructure, service and efficiency over the 2020-25 period
All water companies across England and Wales are now submitting their business plans to Ofwat for the years 2020 to 2025. Thames Water’s plan includes a record investment of £11.7bn, including £2.1bn to boost network resilience and reduce leakage.
Currently, 25% of all the water that it treats and puts into its system is lost, and in June 2018 Thames Water was fined £120m by Ofwat for failing to control its leaks.
Thames Water said that its new business plan would cut leaks by 15% and pollution incidents by 18%. The long-term ambition is to halve leakage and have zero pollution .
After 2020, management bonuses and dividends will correspond with meeting targets for reducing leakage and pollutions, and increased customer satisfaction. Thames is also revamping its corporate structure to make it easier to understand, and plans to lower operational unit costs by nearly 14%.
The five-year business plan also allows for dividends of around £20m a year for shareholders.
Thames Water chief executive Steve Robertson said: “More than 15 million people in the UK depend on Thames Water every day to go about their lives. Our responsibilities to the environment and customers are huge, and we will partner with them and our peers to insulate our region from the effects of changing climate patterns . This includes planning for a strategic reservoir for the SE region of England and exploring the potential of water transfers.
“Our proposals are ambitious, well-costed and widely-supported by our customers, who agree we should prioritise the most vulnerable. Bills will be flat in real terms over the five-year period and our shareholders will receive annual distributions of around £20m as we prioritise investment on significantly improving service.”
As part of Ofwat’s 2019 price review, all water companies must set out a detailed business plan outlining how they will meet the needs of their customers from 2020 to 2025 and beyond. Plans cover investment plans, what they propose to charge customers, how they will support vulnerable customers and how they will ensure the long-term resilience of their infrastructure and operations.
Ofwat will analyse all of the business plans before publishing an initial assessment of each company’s plan on 31 January 2019, where it will categorise companies’ plans according to the level of quality, ambition and innovation they have demonstrated.
Ofwat senior director for strategy & planning John Russell said: “We’ve reached a key milestone in our price review process. From now until January 2019, we’ll pore over each and every business plan and we’ll be looking for evidence that they are robust, ambitious and, crucially, that they have been shaped by customers.
“All companies have had an opportunity to develop high-quality plans, but where plans aren’t sufficiently ambitious or stretching, we’ll step in to protect customers and the environment.”
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Thames Water’s new business plan could see bills rise by over 40 per cent by 2030
By: Rhodri Morgan
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Thames Water said this morning it would boost its spending plan, as submitted to the water regulator Ofwat, by £1.1bn following consultations with stakeholders.
In a statement delayed from last week until today, the company said that its now updated PR24 business plan, which is set to cover the 2025-2030 regulatory period (known as AMP8), had been submitted to the industry regulator.
The company said the new plan would result in total capital spending for the period of £19.8bn, which will be “directed to projects benefitting the environment.”
According to the company, these projects would include: “Maintaining safe high quality drinking water, ensuring security of water supplies, delivering further environmental improvements, and building greater network resilience to address an ageing asset base, climate change and population growth.”
Thames Water is the last of all the water and sewage companies to submit its plan for the period, which the regulator requires under a five-year price review process known as PR24.
Ofwat is due to announce its draft decision on the plans in June, with a final determination coming at the end of this year.
Despite the hike in spending, the company said there would likely be no impact on consumer bills outside of its already submitted plan. According to its projections, average consumer bills are expected to rise to £608 by 2030, excluding inflation.
These figures exclude inflation budgeted at two per cent for the regulatory period. After inflation is included, bills could rise by over 40 per cent by 2030.
Thames Water suggested bill profile for AMP 8 (2025-2030)
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Thames will continue to look for opportunities to deliver more investment in AMP8 and has proposed that a further £1.9bn of potential investment be placed into a so-called “Deliverability Assessment Mechanism”.
The new business plan suggests that if Thames were to invest the full £1.9bn in AMP8, then annual average customer bills would increase further by £19 over that period.
Chris Weston, chief executive of Thames Water, said: “Our business plan focuses on our customers’ priorities. As part of the usual ongoing discussions relating to PR24, we’ve now updated it to deliver more projects that will benefit the environment. We will continue to discuss this with our regulators and stakeholders.”
The embattled water firm has been in the eye of the storm over its mounting debt pile and the financial health of its parent company, Kemble Water Holdings.
Nationalisation fears have gathered increasing momentum throughout 2024, reaching a pitch last week when a secret plan to nationalise the firm and move billions of pounds of its debt onto government books was reported in the Guardian .
Thames Water has been contacted for comment.
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Thames water accepts ofwat final determination.
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After detailed consideration, the Thames Water Board has accepted Ofwat’s final determination of the company’s business plan for 2020-25.
Compared to the draft determination, it includes an increase in total expenditure allowances, up to £180 million in funding for the North East London water resilience scheme , the movement of some key performance metrics and the reduction of some Outcome Delivery Incentive penalty rates.
While t he company is committed to doing al l it can to increase efficiency and deliver an improved service for customers , there are some areas of concern. Ofwat’s settlement is most challenging on the water network and does not allow for essential resilience upgrades over the entire system .
A request to Ofwat to make a reference to the Competition and Markets Authority (CMA) was carefully considered as part of the price review process .
However, it was agreed a CMA referral would lead to significant management distraction at a time when the com pany is seeing improvements in customer service and leakage reduction . It was deemed to be in the best interests of both customers and employees to accept the final determination, to ensure certainty in the months and years ahead, and to move forward positively and constructively .
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Thames Water accelerates plans to secure South East's future water supply
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Thames Water wins share of £40 million in Ofwat's latest Water Breakthrough Challenge
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A fatberg the weight of three double decker buses is unblocked from east London
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Thames Water begins £20 million Baker Street water pipe upgrade
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Homes and businesses using poo power as Thames Water continues to reduce its carbon footprint
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Thames Water awards Arcadis, Jacobs & Mott MacDonald the Programme Partner Framework
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Thames Water to invest £400 million to future-proof London’s water supply
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Thames Water starts £20 million project to protect East London water supply
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Thames Water on track to deliver £45 million supply upgrade
![Faringdon to Blunsdon £45 million mains pipe upgrade. Credit: Thames Water Thames Water on track to deliver £45 million supply upgrade](https://smartwatermagazine.com/sites/default/files/styles/thumbnail-480x263/public/thames_water_swindon.jpg?itok=IdJio-DX)
Thames Water awards Technical Partner Framework to support future infrastructure
![Artist illustration of the proposed reservoir near Abingdon, also known as the South East Strategic Reservoir Options (SESRO). Credit: Thames Water. Thames Water awards Technical Partner Framework to support future infrastructure](https://smartwatermagazine.com/sites/default/files/styles/thumbnail-480x263/public/sesro._thames_water.jpg?itok=zkDromf1)
Thames Water will start work on £20 million pipe upgrade to future-proof London’s water supply
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Poo power to heat homes in West London as Thames Water continues to reduce its carbon footprint
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Chris Weston to be appointed Thames Water Chief Executive Officer
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Thames Water's Plan For £2bn Expenditure Approved
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Our five-year plan from 2025 to 2030. We're pleased to present our five-year business plan for 2025 to 2030. We've set ourselves a tough challenge. Our ambition is a world where we've learnt from the past and adapted to the future to improve our service for you and the world around you. We listened carefully to local communities, stakeholders ...
Thames Water Business Plan 2020-2025. 1 Executive summary 2 2 Our vision 6 3 Building a strategy to deliver our vision 11 4 Listening to our customers to build our plan 23 5 Delivering our plan 31 6 Deliver Brilliant Customer Engagement to Create Lifelong Advocacy 36 7 eni ec Rl esi 50 8
Reduce sewer flooding in homes and businesses by 15%. Reduce sewer blockages by 13%. Reduce the amount of land draining into our sewers by 65 hectares. Install nearly 200,000 monitors in our sewer network to prevent flooding and pollutions. Invest at 48 wastewater sites to reduce the impact of power outages and flooding.
Thames ater Business Plan 2020-2025 6 Our plan is ambitious, and innovative, to make the leap our customers expect UK Power Networks and Thames Water working together to provide you with extra support in a power cut or a water supply interruption. Need extra support during a power cut or during a water supply interruption? We are working in
and skills vital for governing a changing Thames Water - one that is fit for today, and tomorrow. Our year has been defined by the submission of our business plan for 2020 to 2025, an important stepping stone in the delivery of our purpose, to build a better future for our customers, our region and our planet. Working with the
The Board and shareholders of Thames Water have approved a £11.5 billion business plan for the current regulatory period ending 31 March 2025, developed by Thames Water's Executive team to improve performance and outcomes for customers, leakage and river health and to accelerate delivery of Thames Water's turnaround.
We will continue to promote water efficiency and metering to help customers use water wisely and by March 2025, we aim to deliver circa 8.8 Ml/d benefits through the water efficiency campaign, including smarter home and business visits. Throughout our whole supply area, we have reduced leakage by 10% from 2018/19 to 548 Ml/d, which is 22 Ml/d ...
Water and wastewater company, Thames Water, is planning to spend £11.7bn on improving infrastructure, service and efficiency over the 2020-25 period All water companies across England and Wales are now submitting their business plans to Ofwat for the years 2020 to 2025. Thames Water's plan includes a record investment of £11.7bn, including £2.1bn to boost network resilience and reduce ...
After inflation is included, bills could rise by over 40 per cent by 2030. Thames Water suggested bill profile for AMP 8 (2025-2030) Thames will continue to look for opportunities to deliver more ...
After detailed consideration, the Thames Water Board has accepted Ofwat's final determination of the company's business plan for 2020-25. Compar...
business plans for the period 2020-25. The documents we have published are available on our website. This document sets our assessment of Thames Water's business plan submission under the IAP. It explains our assessment of the company plan in the round at an aggregate level and our assessment across each of the nine test areas as set out in
The revised business plan represents a £2 billion increase in expenditure, compared to the £9.6 billion agreed in the water company's final determination for 1 April 2020 to 31 March 2025. The UK's largest provider of essential water and wastewater services, serving almost 25% of the UK's population, Thames Water launched its turnaround ...
Reduce leakage by 15% from 2019/2020 target. Replace more than 700km of water pipes. 14498-1. Improve how we cope with severe droughts. All of our water quality samples pass their tests. Reduce the number of customers that receive no water for more than three hours by 20%. Replace more than 50,000 of our lead pipes including those at primary ...
In its business plan, Thames Water proposed a single SEMD performance commitment. In the draft determination we intervened to split the performance commitment into two separate performance commitments, one to cover 28 projects in the 2020-25 period for which we are proposing to provide a cost allowance, and one to cover
Thames Water hasapproved a £11.5 billion (€13.3 billion) business plan for the current regulatory period ending ...
Thames Water says its financial plan through to 2030 is ambitious, deliverable, financeable and investible and would also see 500,000 customers enjoy reduced bills. The water company was ...
Thames Water wants to raise average household bills by 59 per cent between 2025 and 2030 as part of its five-year business plan. Ofwat is expected to announce a draft decision on the group's ...
Monetary policy committee likely to leave interest rates unchanged at 16-year high of 5.25% . CityAM. Thames Water's new business plan could see bills rise by over 40 per cent by 2030. ... - Natural engineers - There were almost 1,000 beavers in Scotland in 2020-21, according to NatureScot, the public body responsible for Scotland's natural ...
At present, we are developing our price review 2019 ('PR19') business plan ('Plan') which will eventually determine our prices for the next five year regulatory period (2020-25). We want you to know about the reporting risks we have identified for producing the Plan and what we are doing about them. We want everyone to have confidence ...
Thames Water has reportedly drawn up an updated business plan, which could be published within days amid its financial woes. It had originally wanted to raise customer bills by 40% to fund an investment programme worth £18.7 billion under plans published in October, but the company said water regulator Ofwat had imposed regulations on the plan ...
The financial future of Britain's biggest water firm, Thames Water, looks increasingly uncertain in the wake of new pricing and spending limits laid out by regulator Ofwat, according to investment ...
Ofwat, the water regulator, is due to issue a draft judgment on Thames's five-year business plan on Thursday. Thames is seeking to raise customer bills by an average of 59pc between 2025-29 as ...
Fair balance. Gearing Sharing. -. Customer acceptability for AMP7. 67%. our plan for 2020-2025In September we published our Busine. s Plan for 2020 to 2025. We laid out how we are going to invest to build a better future for our customers and our region, create customer advocacy and enhance th.
The problems are most acute at Thames Water, London's utility, but the wider industry across England and Wales is struggling to deliver a reliable service under the weight of huge debts built up ...
that companies explain those departures. A summary of our compliance with sections of the Code which require a specific response or statement is contained in 'Thames Water Utilities Limited's 'Annual report and financial state. Executive summaryOur plans for 2015-20This overview explanatory note provid.
Evening Report - Mon., Dec 27, 2010 - School Budget Plan. Posted on December 27, 2010 by by KRFP. 0. SHARES. Share Tweet. Idaho Superintendent of Public Instruction Tom Luna. Midweek Winter Storm on its Way; General Accountability Office Says BLM Transactions Violate Federal Rules;
Thames Water is the U.K.'s largest water and sewerage company, with regulatory capital value of £14.7 billion on March 31, 2020. Thames Water serves 15 million customers and about 25% of the population of England and Wales, generating EBITDA of around £1 billion annually. Our Base-Case Scenario Assumptions