The next few years are shaping up to be decisive ones for the UK water industry. With the Periodic Review of the water industry by the sector regulator due to take place in 2014 (PR14) and the Asset Management Plan for 2015-20 (AMP6) fast approaching, companies will be focussed on delivering and performing well against their outgoing regulatory targets while starting to develop their strategies for incoming ones.
Coupled with this, the reforms found within the Water Bill, are set to bring about the biggest change to the industry since privatisation in 1989.
Going forward, companies will need to be aware of the potential for: changes to competition, licensing and environmental regimes; the introduction of industry codes and an upstream pricing regime; reform of the connection charges regime and the removal of entry barriers for new entrants to the industry. Sector participants will need to be able to tackle and adapt to these issues as well as dealing with the ongoing commercial concerns that face their operations in general.
As part of the firm-wide Renewables, Energy & Resources Group, our water team is an established advisor in the sector and will be able to provide guidance and advice on all the areas set out above. Our experience includes advising water utilities and contractors on AMP4 and AMP5 frameworks, marine outfall projects, anaerobic digestion facilities, sewerage treatment facilities, as well as advising large consumers on new water and waste water connections. We also have experience in advising regulated utilities on licensing and regulatory issues, including interaction with sector regulators.
We have in-depth knowledge of the issues that face businesses within the industry and we ensure that, as well as keeping up with the latest policy and regulatory changes, we provide expert advice to clients operating in this sector. We also have the added benefit of being able to draw on the resources offered by the firm-wide Renewables, Energy & Resources Group when required.