Ofwat's Yorkshire Water action tracker
Yorkshire Water IAP response 15 May 2019
Yorkshire Water IAP response 24 May 2019
Yorkshire Water IAP response 15 July 2019
Yorkshire Water IAP response August 2019
Working with our regulator – consultation responses
The Water Services Regulation Authority, also known as Ofwat, is the water industry economic regulator.
As part of its role, Ofwat produces process and policy documents which they ask water companies to comment on. These are usually called consultations. We respond to these consultations to ensure that we contribute to how Ofwat’s policies are developed.
YW’s response to the economic asset valuation for the bioresources RCV allocation at PR19
This document is intended to inform interested parties how we have approached creating a bioresources price control.
Sludge is a by-product of the treatment of waste water. This sludge can be used to produce for example energy or compost. Sludge is no longer seen as a waste product but as a resource - a bioresource.
To enable a market to be developed for bioresources in England and Wales, Ofwat require all the water companies who treat sewage to categorise bioresource activities. This is achieved by separating out some of the overall value of the company (called regulatory capital value, RCV) into a bioresources area called a price control.
This is a summary of the document that we have sent to Ofwat and explains the approach that we have taken, using Ofwat’s guidance, to determine the bioresources RCV for YW.
Your Water Customer Community
Your Water is an online research community for our customers.
By engaging with our customers through the community, we are able to base major decisions on what customers want. Therefore, participants in the research will have the opportunity to shape the direction that we take over the next few years.
Your Water members our regularly invited to participate in surveys, quick polls and discussions. All activities are optional – you do not have to complete every activity that we send you and you will only be sent the activities which we think are most relevant to you.
The more feedback you give, the more rewards you will be eligible for and the greater say you will have in our future decision making!
Yorkshire Water’s economic asset valuation for the water resources RCV allocation at PR19
The 2019 Price Review (PR19) will see the introduction of a new separate binding price control on our revenues from water resources.
This document is intended to inform interested parties how we have approached creating a water resources price control.
Each water company has a single legacy Regulatory Capital Value (RCV) for its water assets, including its water resource assets. To determine the level of revenue that a company can recover as part of the new water resources price control, companies need to provide Ofwat with a proposed assessment of how much of the legacy RCV to allocate to the water resources price control.
This is a summary of the approach that we have taken to determine the water resource RCV for YW.