(BFW) U.K. Ofwat Draft Proposals Mean Avg Bills Would Fall ~5% ’15-’20

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BN 08/29 06:08 *OFWAT SAYS FINAL DECISIONS WILL BE PUBLISHED IN DEC
BN 08/29 06:08 *OFWAT SAYS THERE IS NOW PERIOD OF CONSULTATION
BN 08/29 06:08 *OFWAT: THESE ARE DRAFT DECISIONS, THINGS COULD STILL CHANGE
BN 08/29 06:07 *OFWAT: BILLS REDUCTION BY AROUND 5% IN REAL TERMS B/W '15-'20
BN 08/29 06:06 *OFWAT DRAFT PROPOSALS MEAN AVG BILLS WOULD FALL BY AROUND 5%
BN 08/29 06:06 *OFWAT CHANGED APPROACH TO SETTING PRICES
BN 08/29 06:06 *OFWAT DRAFT DECISIONS KEEP BILLS DOWN
BN 08/29 06:02 *WATER SERVICES AUTH OFWAT DRAFT DECISIONS KEEP BILLS DOWN

U.K. Ofwat Draft Proposals Mean Avg Bills Would Fall ~5% ’15-’20
2014-08-29 06:14:15.638 GMT


By Nadine Skoczylas
Aug. 29 (Bloomberg) -- U.K. regulator Ofwat published draft
proposals for price review process covering 2015-2020 period
today for water cos. including Severn Trent, United Utilities.
* Allows for avg. bills for water, wastewater customers to
fall by ~5% in real terms
* Period of consultation will follow with final decisions
published in Dec.
* See preview here
Statement


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To contact the reporter on this story:
Nadine Skoczylas in Jerusalem at +972-2-640-1103 or
nelsibai@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
Nadine Skoczylas