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Ofwat is the financial regulator of the water industry, and we are the environmental regulator. The price review is a process for regulating water bills, and the next 5 year price review (PR) is PR24, which covers the period 2025 - 2029.
We scrutinise the plans the water companies submit to Ofwat, to ensure they deliver their legal environmental obligations. Companies report each year on how they are delivering that package so that they can be held to account for their performance.
Ofwat have published the joint letters(External link) which have been sent to nine water companies and one NAV (New Appointment and Variation) following Ofwat and the Environment Agency’s assessment of their annual reviews.
The water industry strategic environmental requirements (WISER(External link)) technical document,describes the statutory and non-statutory expectations for PR24, and approaches water companies should follow during PR24 and beyond.
Water industry national environment programme (WINEP)
We collaborate with other organisations to design, develop, and deliver the WINEP, a programme of actions water companies need to take to meet both statutory environmental obligations and non-statutory environmental requirements.
There are a number of plans and strategies that are considered in developing the water company business plans for PR24. We advise and support water companies and Ofwat in developing them. A full list can be found on GOV.UK(External link).
Thank you for visiting our new water hub. This is a pilot service. We acknowledge not everything is covered here yet, this is a new offering, which will grow over the coming months.
What is the price review?
Ofwat is the financial regulator of the water industry, and we are the environmental regulator. The price review is a process for regulating water bills, and the next 5 year price review (PR) is PR24, which covers the period 2025 - 2029.
We scrutinise the plans the water companies submit to Ofwat, to ensure they deliver their legal environmental obligations. Companies report each year on how they are delivering that package so that they can be held to account for their performance.
Ofwat have published the joint letters(External link) which have been sent to nine water companies and one NAV (New Appointment and Variation) following Ofwat and the Environment Agency’s assessment of their annual reviews.
The water industry strategic environmental requirements (WISER(External link)) technical document,describes the statutory and non-statutory expectations for PR24, and approaches water companies should follow during PR24 and beyond.
Water industry national environment programme (WINEP)
We collaborate with other organisations to design, develop, and deliver the WINEP, a programme of actions water companies need to take to meet both statutory environmental obligations and non-statutory environmental requirements.
There are a number of plans and strategies that are considered in developing the water company business plans for PR24. We advise and support water companies and Ofwat in developing them. A full list can be found on GOV.UK(External link).
Thank you for visiting our new water hub. This is a pilot service. We acknowledge not everything is covered here yet, this is a new offering, which will grow over the coming months.
(External link)WRMP19 Annual Review
(External link)Price review framework
(External link)WISER
(External link)Associated plans