Economic Insight secures an additional £36.4m of revenues for the water industry. Ofwat today published its Final Price Determinations for water and sewerage companies in England and Wales. In the new price limits Ofwat accepted claims for retail cost inflation for four companies: Bristol, Portsmouth, Wessex and Yorkshire, all of whom were advised by Economic Insight on this matter. The four companies’ claims totalled £36.4m, making it a significant win for the industry. Companies who had claims rejected lost out because of Ofwat’s policy of only allowing for retail inflation in instances where it deemed firms to be ‘upper quartile efficient’.
