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.

United Utilities has today submitted its draft AMP8 £13.7 billion business plan proposals for 2025-30 to water sector regulator Ofwat.

In her last speech as Chief Executive at Ofwat, Cathryn Ross has said that in the world of financing costs, over the past twenty years the direction of error has been consistently in favour of companies rather than customers.

Severn Trent Water is calling for Ofwat to explore the scope for increasing the scale of Outcome Delivery Incentives (ODIs) in the 2019 Price Review, the possibility of a variable WACC, potential together with the potential reintroduction of “output type incentives” to address longer term challenges like resilience.