Northumbrian Water has received Ofwat’s draft determination of price limits to be applied during the period 2010 to 2015.
This is Ofwat’s initial response to the very detailed Business Plan submitted by the company in April 2009.
Following a further period of consultation, Ofwat will announce its final determination in November this year.
Ofwat’s proposals allow average annual household bills to rise (before inflation) by £3 to £301 over the five year period.
The proposals include an investment programme of £1.2 billion across the areas served by Northumbrian Water in the North East and Essex & Suffolk Water in the South East.
Managing Director, John Cuthbert, said: “We submitted a very detailed plan to Ofwat and, when we have received all of the supporting information to the draft determination, we will need time to understand fully the Ofwat approach. We will then be able to make a proper judgement on the draft determination.”
For further information contact Cara Hall on 0191 301 6720.
Notes to editors:
Northumbrian Water Limited supplies 2.6 million customers in the North East with water and sewerage services, trading as Northumbrian Water, and 1.8 million customers in the South East with water services, trading as Essex & Suffolk Water.