CMA provisional findings in relation to Ofwat’s PR19 final determination
29 September 2020
Peter Simpson, Chief Executive, said:
“In February this year Anglian Water announced its intention to ask Ofwat to refer its PR19 Final Determination to the CMA. We did so because we believe that accepting Ofwat’s determination would have significantly jeopardised our ability to fulfil our Purpose as an organisation - to bring environmental and social prosperity to the communities we serve, by ensuring our region is resilient to the significant challenges we face now and in the future.
“Our plan built in resilience to changing climate and a population growing faster than almost anywhere else in the UK, and our customers wholeheartedly supported it. We must have a regulatory framework which enables the investment needed to begin tackling these issues now, while keeping bills affordable for our customers. I am grateful for the huge amount of work being put in by the CMA to work through these complex challenges.
“These are the CMA’s provisional findings. The regulatory process is ongoing and we now enter an important phase where we, and other parties, are invited to comment on them. This is a complex process, where competing interests and perspectives have to be balanced, and where it is always expected that the CMA panel will challenge or reject some arguments put to them. We never expect to prevail on all points, but we do believe that robust and independent regulation is a profound strength of the system. We will continue to focus on providing the CMA with evidence about what matters most to customers and the environment, now and in the future.“