Welsh Water has submitted its Final Business Plan to Ofwat. The Business Plan proposes the company’s targets and objectives for the next five year regulatory period to 2015, reflecting the vision set out in its 25 year strategy ‘Our Sustainable future’ published in 2007. Welsh Water’s Draft Business Plan was submitted in August last year and has been the subject of detailed scrutiny and challenge by Ofwat, the Welsh Assembly Government and other regulators and stakeholders.

Key features of Welsh Water’s strategy are;

• the average household bill will not be higher in real terms in 2015 than it is today
• current high standards of service will be maintained, with areas for improvement including customer priorities
• the package of investments to protect and further enhance drinking water quality and environmental quality will represent good value for money for our customers
• an increased level of maintenance will optimise asset performance and address known risks, in particular as identified through Drinking Water Safety Plans
• strategic programmes will begin to address long term challenges, notably in response to climate change and surface water flooding and
• challenging efficiency targets and efficient financing plans for the next five years will be vital to keep the plan affordable

To view a full copy of our final Business Plan, please click here.

The final stage of the Price Review is expected in November when Ofwat publishes its Final Determination.