UK: Water industry investment

United Kingdom

OFWAT has published a Report on the water industry’s financial performance and expenditure for 1998-99, revealing that many water and sewerage companies are continuing to show improvements in efficiency and improvements in customer service whilst also reducing expenditure. “1998-99 Report on Financial Performance and Expenditure of the Water Companies” has also revealed that capital investment levels in the water industry continued at record levels with industry operating costs falling in real terms compared with recent years. The Director General of Water Services, Ian Byatt, announced on publication of the Expenditure Report that the benefits of these efficiencies will be passed on to customers in the new price limits for the period 2000 - 2005 to be announced in November.
(OFWAT September 1999)