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WaterFuture

What is WaterFuture?

Every five years, water companies submit their investment plans and proposed charges to the industry regulator Ofwat.

This is known as the Price Review. The next Price Review is in 2019 and it will determine prices for the period 2020-2025.  South West Water refers to this as WaterFuture and for the period 2020-25, this will incorporate Bournemouth Water.

Investment proposals

These are built on assessments of what each company needs to do to meet requirements placed on them and by regulators including the Environment Agency and Drinking Water Inspectorate.

Customer research

Companies carry out research on what customers and stakeholders such as councils and the business community see as priorities and investigate their ‘willingness to pay’.

Each company outlines its vision of the challenges it faces and its priorities before submitting a Business Plan including its own ideas to improve customer services and protect the environment. Ofwat studies these and the effect on charges before issuing its Draft and Final Determination of each company’s plan which sets price limits over the five years.

It is important to remember funds for investment do not come through central or local government. Every company must finance its investment proposals with revenue from customers and by attracting large scale investors such as pension funds and banks.

Find out more please visit: WaterFuture

WaterFuture 2020-2025

In September 2018, South West Water will be submitting its Business Plan 2020-2025 to the industry regulator Ofwat, which will determine prices for 2020-2025.  South West Water’s Business Plan will incorporate Bournemouth Water

To inform the Business Plan, work has started on updating our vision to 2045, known as our 25 Year Future Outlook.  This will be based on what customers have told us are their priorities.  When we publish our updated 25 Year Future Outlook, we will be looking for your views on our proposals.

We are in the early stages of our business plan process but we will keep updating the WaterFuture website to keep you informed on how we are progressing and for you to have your say.

Find out more please visit: WaterFuture 2020-2025

WaterFuture Panel

Ahead of the last Price Review and under guidance from Ofwat every water company in the UK has created a 'Customer Challenge Panel'.  

Each panel is independently chaired and made up of consumer representatives, customer and community stakeholders, and those who represent a particular segment of society. 

Their job is to make sure that a water company's business plan reflects a "sound understanding and reasonable balance" of its customers' views. The Panel also has to check that the company's proposals for delivering the plan are economically, socially and environmentally sustainable. The Panel's Terms of Reference can be found here.

South West Water's Customer Challenge Panel, which now includes Bournemouth Water, will continue to be known as the WaterFuture Customer Panel.

For full details of the WaterFuture Customer Panel please visit the dedicated WaterFuture

Our Vision 2020-205


 

As part of our business planning process we have published our long-term vision for the period 2020-2050.

The supporting documents for our vision are:

Press Office

Journalists can contact the Press Office on 01392 443020 or via email

 

Should you get a water meter?

Water meters have important benefits for you, for us and for the environment as you can have more control over your water use and leaks are easier to detect.  

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