South East Water has announced that it has asked Ofwat to refer its PR24 Final Determination to the Competition and Markets Authority (CMA) for review.
SES said the PR24 Business plan remains the company’s most ambitious plan ever. It detailed a proposed investment of £1.9bn over five years with goals to improve customer service, reduce customer supply interruptions and strengthen network resilience
In the Final Determination, the Board believes that the response does not address the company’s specific circumstances and external challenges, such as concerns over water security for customers and climate change resilience.
The Board of SEW was unanimous in its conclusion to seek the only redress it now has available in the regulatory process, being an independent review by the CMA.
Commenting on the decision, SEW Chairman, Chris Train said:
“Asking for the Final Determination to be referred to the Competition and Markets Authority for redetermination is not a decision we took lightly. We have scrutinised the Final Determination and agree unanimously that in its current format, it presents a risk to water security for our customers in the region.”
