Following the announcement on 31 January that the 2020-2025 business plan of Pennon Group's subsidiary, South West Water Limited, was assessed as 'fast tracked', Ofwat has today published a Draft Determination for South West Water which is largely based on the company's own business plan and forecasts.
South West Water is the only water and sewerage company to have achieved fast track status for two consecutive price reviews.
South West Water is now reviewing the Draft Determination proposed by Ofwat and will respond to the Regulator by the due date of 24 May 2019. Ofwat will announce its Final Determination for the company on 11 December 2019.
The company's five-year business plan was submitted to Ofwat in September 2018 following its biggest ever consultation, which showed a customer approval rating of 88% and received the support of the independent WaterFuture Customer Panel.