NI Water Responds to Utility Regulator’s Draft Determination
10 July 2014 10:54Responding to the publication of the Utility Regulator’s Draft Determination for Price Control 2015 (PC15), Sara Venning, Chief Executive commented:
“We note the Regulator’s Draft Determination which was published this morning and we will be examining the detail carefully over the coming weeks.
NI Water submitted its PC15 Business Plan to the Utility Regulator on 24 March 2014. In shaping our plan we have worked with the Utility Regulator and our Stakeholders to propose a way forward which allows us to continue to improve the service to customers today and to invest to safeguard services for future customers. Our plan reflects that we will do this with continued improvements in our efficiency.
A public facing summary is available to view by clicking here
The publication of the Draft Determination allows us to begin to assess the Regulator’s view of NI Water’s revenue requirements over the six year period covered by the plan as well as the associated outputs.
“The process now provides for fourteen weeks to prepare a response. We look forward to providing our response and will continue to engage with the Utility Regulator and other Stakeholders in a constructive manner.”