|
|
|
|
|
|
|
|
|
|
| |  Periodic review 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Why are the final determinations higher than the draft determinations?
Several items are contributing to the changes. We have made a great many detailed changes which affect individual companies but most of these have a very small effect on price limits. The issues which have a more significant overall general effect are:
- an increase in the capital programme of £1.1 billion to reflect additional quality improvement schemes and, in response to demands from customers and companies, greater investment to reduce the risk of sewer flooding;
- a reassessment of the efficiency assumptions for operating costs in the sewerage service;
- new information on current trends in energy and pension costs; and
- clarification and new information from each company on issues specific to them.
But overall, customers will only pay around an extra one per cent per year on average compared with the draft determinations.
|
|
