WRc plc

The Traffic Management Act - Can Water Companies and Customers Afford It?

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Courtesy of WRc plc

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What the customers have to pay for

Since privatisation in 1989, the UK water industry has undertaken it’s business planning in 5-year cycles, each referred to as an Asset Management Plan (AMP). Prior to each AMP cycle the water companies are required to submit a medium-term business plan to the industry regulator (OFWAT). The business plan sets out the company’s estimates of its costs and OFWAT uses this to determine the maximum charges that the company can make to its customers over each year of the AMP. This is OFWAT’s Periodic Review of Prices. Prices are thus set at levels which ensure that revenues are sufficient to cover the direct costs of the works which will take place.

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