WICS publishes third set of SRC21 Decision Papers
The Water Industry Commission for Scotland has published four more Initial Decision Papers to inform its next price review for Scottish Water – the Strategic Review of Charges 2021-27. These papers set out the Commission’s current view on: operating expenditure, innovation, financial strategy and performance monitoring.
The Initial Papers, published last week, will be followed as the review progresses by Revised and then Final Decision Papers. Nine other Initial Papers have already been published, covering: price impacts, price prospects, the role of financial tramlines, the capital programme, communications, macroeconomic assumptions, future-proofing service levels/sustainable asset maintenance, enhancement investment and growth investment.
The papers provide a framework within which Scottish Water and the Customer Forum can strive to negotiate a price and service package for the next period. WICS has declared it will be “minded to adopt a business plan that is consistent with the Commission’s Final Decision Papers and agreed with the Customer Forum as its draft determination.”
For coverage of the content of the papers, see November’s THE WATER REPORT.