Water & Sewerage Charges To Fall By 6%
Utility Regulator publishes NI Water price control determination
The Utility Regulator has published its final price control determination for NI Water for the period 2013-15.
Key features of price control determination are:
• Lower charges for consumers - charges will fall by an overall average of 6% below inflation in each of the two years (2013-15).
• Investment in water and sewerage assets - £324 million will be invested on prioritised and targeted areas to deliver specified infrastructure improvements.
• Higher levels of service – an improvement in the ‘overall performance assessment’ (OPA) score, narrowing the gap between NI Water and the average water company in GB.
• A more efficient company – delivering a further 5% per year operational efficiencies to reduce the benchmarked 38% operational efficiency gap, while at the same time improving services.
Commenting on the announcement MNI chief Executive Bryan Gray said “While we welcome these significant reductions over the next two years, NI Water still has a long way to go in terms of delivering better value and reducing costs to competitive levels for large users”.
Utility Regulator Chief Executive, Shane Lynch, said:
“Our final determination focuses on delivering positive outcomes for water and sewerage consumers, maximising service improvements within the fixed capital budget available from public expenditure. Our determination challenges NI Water to deliver better value for its consumers, requiring it to reduce its operating costs further while improving the service to its consumers.
“Northern Ireland’s water industry can be as efficient, and provide as good a service, as anywhere in the world. NI Water has made strides towards this goal in delivering its first price control (PC10). PC13 seeks to continue NI Water’s journey towards this goal.”