drain TRADER
Northumbrian Water – Allowed revenues for Northumbrian water have been set at £3,371.1 million against a Totex of some £2,762.8 million for wholesale operations with an additional £250.1 million for retail. This is the sum of £3,012.9 million overall with a margin of around £358.2 million over the full AMP (equivalent to £71.64 million per annum). The bill reduction target for Northumbrian Water has been set at 26%, the highest across the whole OFWAT regulated industry.
Key targets for Northumbrian Water include: • Greenhouse gas emissions down 28% • More spots rated good or excellent for bathing • Installing more than 470,000 smart meters
Portsmouth Water – OFWAT has determined Allowed revenues for Portsmouth Water at £ 192.8 million with Totex of £176.2 million for wholesales operations and £21.3 million for retail, or £197.5 million overall. This again offers a negative margin apparently of around -£4.7 million over the AMP (or -£0.94 million per annum). The water bill reduction for Portsmouth Water is set at some 5%.
Key targets for Portsmouth Water include: • £124 million over 10 years for a new reservoir at Havant Thicket • Leakage down 15% • 74% fewer customers with low pressure
SES Water – Allowed revenues £301.5 million have been set for SES Water with a total Totex of £282.4 million, comprising £254.6 million for wholesale and £27.8 million for retail operations. This provides for a margin of around £19.1 million over the AMP (or £3.82 million per annum). Water bill reduction has been targeted at some 16%.
Key targets for SES Water include: • Helping customers use 7% less water • £1.7 million to replace lead pipes • Getting 15% more customer contacts right first time
Severn Trent Water – Allowed revenues have been set at £ 7,777.3 million with a Totex of £6,203.4 million for wholesale and £492.2 million for retail operations or £6,695.6 million in total. This provides for a margin of £1,081.7 million over the AMP (or £216.34 million per annum). The water bill
6 drain TRADER | June 2020 |
www.draintraderltd.com
reduction target is set at 9%. Key targets for Severn Trent Water include: • £107 million to improve resilience in water supply • 95% of low pressure complaints resolved first time round • Improving 1,090 hectares of land
South East Water – Allowed revenues of £1,184.2 million are set against a total Totex of some £1,006.1 million, this comprising £917.9 million for wholesale operations and £88.2 million for retail. In this instance the margin is set to be around £178.1 million over the AMP (or £35.65 million per annum). Severn Trent has a water bill reduction target of some 7%.
Key targets for the company include:
• £42 million to make way for high population growth in Basingstoke and Ashford
• Helping customers use 7% less water • Carbon emissions down 68%
South Staffs Water – Allowed revenues total some £618.0 million with a Totex of £572.5 million for wholesale and £62.3 million for retail operations or £634.8 million all-in. This provides for another negative margin of -£16.8 million over the AMP (or -£3.36 million per annum). The water bill reduction at South Staffs water is set at some 10%.
Key targets for the company include: • Up to four times more land managed to protect nature
• £68 million to improve treatment and resilience at water treatment works
South West Water – Allowed revenues at SWW have been agreed at £2,524.0 million against a Totex of £1,882.3 million for wholesale operations and £141.0 million for retail, or £2,023.3 million all-in. This provides for margin of around £500.7 million over the full AMP (or £100.14 million per annum) whilst establishing a water bill reduction set at 20%.
SWW has key targets that include: • Improving to the maximum 4* environmental performance • External sewer flooding down 38% • Pollution incidents down 58%
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