Ofwat has started its consultation on the information it intends to collect from the water companies to support the 2009 price review.
In August 2008 the water companies will provide Ofwat with their draft business plans, including proposals for price limits, for the five years from 2009-10 to 2014-15. The business plan information requirements are structured in a way that allows the companies to provide the information necessary to set price limits and to allow customers and stakeholders to understand the key elements of your plan.
Ofwat has reviewed the information required for the draft and final business plans with the aim of ensuring that the information it requires is both necessary to inform discussions on the options available for customers and the environment, and sufficient for Ofwat to determine price limits fairly and objectively. The regulator has considered both the scope and the range of data required and is only asking for the minimum necessary for setting price limits for the period 2010-15.
Ofwat is now seeking the views of the water companies and other key stakeholders, on:
the proposed format and data requirements for the draft and final business plan;
the range and scope of information for the draft and final business plan;
whether guidance and line definitions are clear and succinct;
whether there is any data that is superfluous or unnecessary (with reasons) and;
the minimum requirements for the public domain.
Comments on the business plan reporting requirements must be submitted by 8 February 2008.
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