Ofwat publishes detail of outperformance sharing decisions

August 4, 2018

Ofwat has published the detail behind its July decisions on revisions to the PR19 methodology on legitimacy grounds.

 

These decisions included: 

  • Outperformance sharing requirements for companies with actual gearing at least 10% higher than notional gearing – i.e 70% geared and above. Ofwat said this “could see the most highly geared water companies forced to share up to £230 million with customers over the period 2020-2025”.

  • Boosting transparency around board decisions on dividends and performance related executive pay, and financial resilience. 

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