We will be hosting a webcast presentation for investors and analysts starting at The next steps in the price review process are shown in Our business plan We are cutting bills such that they will be lower in real terms in than they were 15 years ago, whilst also delivering higher standards of service, increasing resilience, delivering innovation and investing for the long-term. This target is stretching, but one that we think we have a good opportunity of achieving. The UK Government has not expressed any intention to expand competition to include household customers. Delivering this for our customers will also mean that average bills will be around 14 per cent lower in real terms in than they were 15 years ago in , whilst service standards and environmental quality continue a path of significant improvement. We have also made substantial contributions towards customer affordability schemes out of shareholder funds.
Our water cycle Our business uses a combination of technology and the natural environment to become part of the water cycle. Newsletter Sign up today for your daily news alert and weekly roundup. The bill impacts of these adjustments are relatively modest, and still enable us to propose a substantial reduction in bills in real terms over AMP7 as part of our business plan, which has received high levels of customer support. Our focus over recent years has been on improving customer satisfaction. The privatisation of the industry over two decades ago has been widely perceived as a success, making a significant contribution to public health. We have built headroom through AMP6 to put ourselves in the best position going into AMP7, and are putting forward the best business plan that gives us a good opportunity to deliver for our shareholders as well as our customers through continued performance improvements.
The water and wastewater industry in the UK is subject to substantial domestic and European Union regulation, placing significant statutory obligations on water and wastewater companies with regard to, amongst other factors, the quality of drinking water supplied, wastewater treatment and the effects of their activities on the natural environment.
Capital investment is expected to be around this level again for the —20 period and to remain high beyond as we continue to:. Read more about our Performance.
UU plans ‘major water resilience scheme’ worth over £M – WWT
RCV run-off rate in line with ‘natural’ rate. UUW’s profile of price limits for the current five-year period 1 April to 31 March is set out below:. In line with our ufilities and consistent with the company specific adjustments we highlighted when we submitted our initial business plan in December, two key areas we are focusing on are wastewater total expenditure totex and retail average cost to serve.
The regulator said the However, we do recognise that our performance at that point will still need to improve further. Investing to reduce sewer flooding Flooding of homes and gardens with sewage is one of the most serious incidents utiliries our customers can experience. We provide services to approximately three million households in our region and this generates unied two thirds of our total revenues. Debt management continues to be a significant area of focus for us as we seek to use best practice in the recovery of debt and in helping customers back into making regular payment through use of manageable payment plans.
United Utilities Group PLC (LON:UU.)
However, in order to support the financeability of our plan on a notional company basis, it has also been necessary to advance revenues by increasing PAYG above the “natural” rate by 1. Every day, over 50 million household and business consumers in England and Wales receive water and wastewater services.
Comparatively low interest rates have also been beneficial to our future cost of debt as we continue with our interest rate hedging strategy. Delivering this for our customers will also mean that average bills uilities be around 14 per cent lower in real terms in unitted they were 15 years ago inwhilst service standards and environmental quality continue a path of significant improvement.
Bad debt remains a risk to which we are exposed, although Ofwat currently recognises this through a special factor allowance. We have applied PAYG rates broadly consistent with operating costs which includes infrastructure renewals expenditure as a proportion of totex for each price control.
We collect water from the environment, purify and distribute it to our customers before collecting it, treating it, and then returning it back to the environment. Unites each company in the water sector operates as a regional monopoly for its services, they are subject to regulation in terms of both price and performance. These include significant reductions in leakage, sewer flooding, and supply interruptions, as well as further developments businezs our industry leading pollution performance and integrated catchment management approach.
Water industry reveals details of revised PR19 plans
Our water cycle Our business uses a combination of technology and the natural environment to become part of the water cycle. The proposal also include reduction of over 1 billion pounds in expenditure compared with AMP5, and bold strategy of innovation with further advancements in Systems Thinking capability.
A report ‘Department for Communities and Local Government, Indices of Deprivation ‘, published in Marchhighlighted that the North West had more of the most deprived areas in England than any other region. The Consumer Council for Water represents customers’ interests relating to price, service and value for money.
This mechanism provides scope for flexible acceleration in adopting new technology so it can improve service delivery to customers faster.
Defra is the UK Government department responsible for water policy and regulations in England and Wales; plann also sets drinking water quality and environmental standards many based on European law which water companies must meet.
There are currently 10 licensed companies which provide both water and wastewater services to consumers in their respective regions.
United Utilities Group PLC – PR19 Business Plan – Proactiveinvestors (UK)
Unitev only obtaining a licence to trade in Scotland, bysiness market that already offers full business retail competition, as recently as Octoberwe have quickly become the second largest water retailer there, behind only the incumbent provider.
This proposed retail household model allows water companies only to charge its customers an amount based on the average costs of the industry plus any allowed company-specific adjustments.
We are excited about what it means for AMP7 and beyond and we are confident that this is a very high quality and ambitious plan, rich in content, with a compelling proposition of bill reductions and service improvements. These adjustments include a range of economic, performance and scope differences, compared with the assumptions made at the price review.
The privatisation of the industry over two decades ago has been widely perceived as a success, making a significant ufilities to public health.
Capital Maintenance comes to the fore The tight cost of capital set by Ofwat for PR19 will mean water companies will need to place the emphasis on maintenance