Bristol Water PLC PR19: CMA - Revision to Administrative Timetable (6197F)
17 Noviembre 2020 - 8:17AM
UK Regulatory
TIDMBWRA
RNS Number : 6197F
Bristol Water PLC
17 November 2020
RNS Announcement
BRISTOL WATER PLC
Competition and Markets Authority Redetermination of Ofwat Price
Determination
Revision to Administrative Timetable for completion of
Redeterminations
Ofwat published its Final Determination for Bristol Water plc on
16 December 2019 setting out Ofwat's final Determination of the
allowed revenues and service delivery targets for Bristol Water plc
in the next five year regulatory period commencing on 1 April 2020
and ending on 31 March 2025.
On 13 February 2020 Bristol Water asked Ofwat to refer its Final
Determination to the Competition and Markets Authority ("CMA") for
redetermination by the CMA (the "Redetermination"). Ofwat submitted
its referral to the CMA on 19 March 2020, together with referrals
of the final determinations of three other companies for
redetermination.
On 17 October 2020 the CMA published its summary of Provisional
Findings in relation to all four companies, including Bristol Water
plc.
The CMA has today published a revision to its Administrative
Timetable for the completion of the Ofwat Price Determinations. It
is now anticipated that the CMA will publish is Final
Redetermination in relation to Bristol Water plc in February 2021.
This represents a delay from the previous timetable, which had
expected publication in December 2020. As a result, Bristol Water
plc will be required to reflect Ofwat's original PR 19 Final
Determination (adjusted for Ofwat's 2019/20 "Blind Year" adjustment
final decisions as determined) in its charges for the financial
year commencing 1 April 2021.
A link to the CMA's revised administrative timetable can be
found here:
https://www.gov.uk/cma-cases/ofwat-price-determinations#administrative-timetable
Bristol Water plc
Dated: 17 November 2020
For further information contact:
Helen Hancock, Company Secretary +44 (0) 117 934 1108 or +44 (0)
7976 7318147
LEI Number 549300V0DVQGSADLDB82
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