Ofwat has published an updated timetable and key milestones for its 2024 price determination (PR24), after the general election necessitated a delay due to purdah rules.
The regulator said it would endeavour to issue final determinations on 19 December, but that it was exploring the option of extending this until 31 January at the latest. This is due to a very compressed schedule, following the election delay.
In the meantime, it will issue draft determinations on 11 July and run a seven-week consultation until 28 August. It set out details for how water companies can engage with it during this time, including plans for topic specific webinars and one-hour meetings for each company.
Business customers along with other customers and stakeholders are invited to give Ofwat feedback on its draft decisions via two online meetings, called ‘Your Water, Your Say.’ The meeting for England will be at 2-4pm on 23 July and for Wales at 2-4pm on 24 July.
Ofwat told companies to use a pro forma for their formal representations; representation meetings will begin after 28 August.