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Water companies respond to UK CMA's pricing-determination hearings

( October 26, 2020, 15:32 GMT | Official Statement) -- MLex Summary: Four UK water companies and their regulator Ofwat have put forward submissions on cost allowances and other topics to the country's Competition and Markets Authority, in the wake of hearings on its provisional pricing determination.  In September, the CMA provisionally gave the water companies — Anglian Water, Bristol Water, Northumbrian Water and Yorkshire Water — more funding for certain projects. This was to address the challenges to resilience because of climate change and demand growth following the CMA's review of water price controls. The competition regulator also provisionally found that the four water companies should be subject to a challenging set of performance targets, but allowed them limited additional costs.The submissions are attached....

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