Northern Ireland Water funding for next three years agreed

The Northern Ireland Utility Regulator has announced the final decision on price limits for Northern Ireland Water (NIW) for the next three years (2010 to 2013). The Final Determination allows over £0.5 bn to be invested over the next three years but it also requires costs to be cut. It delivers a saving of £91m when compared to NIW’s business plan bid.

The Final Determination marks a turning point. The Utility Regulator recognises that operating costs have risen since 2004. He also recognises that there is a large performance gap between NIW and GB water companies. NIW is just beginning its efficiency journey. It is different to the English Water companies in that it’s publically funded but it has the opportunity to learn from others, especially Scottish Water.