Anglian Water’s Regulation Director, Darren Rice, outlines the changes Ofwat needs to make to ensure the water company’s Final Determination is investable and deliverable, following discussions with the regulator on Anglian’s proposed business plan for 2025-2030, saying: "As it stands the allowed return proposed in the Draft Determination will not enable us or the wider sector to attract the necessary debt and equity capital to fund AMP8 investment programmes."

A new report is suggesting that Ofwat created "twisted" incentives for management to  “run the company into the ground to maximise short term returns and leave it, bloodless, to the next set of owners” and that investors should have spotted three key red flags.

The Competition and Markets Authority (CMA) has launched a short consultation following extensive representations by the four companies appealing against Ofwat’s PR19 decisions, the regulator and other stakeholders on its Provisional Findings – specifically on the cost of capital.

A new report by Citizens Advice published yesterday which criticises utilities regulators for presiding over sustained overcharging to customers, says that while Ofwat has gone some way to correct the mistakes of the past, more work needs to be done.

Two-thirds (67%) of UK corporates will be disclosing climate-related risks and opportunities in their 2019 annual reporting, according to new figures released by the Carbon Trust.

Ofwat has said it will “carefully consider the thoughts of the PAC”, following publication of the House Of Commons Public Accounts Committee report which said over-estimating by the water regulator had led to the water companies making at least £1.2 billion in windfall gains over the last five years.

The UK Regulators Network(UKRN), which lists Ofwat amongst its members, has published a new information paper on its ongoing cost of capital project.