Watchdog calls on Ofwat to drop water costs

A water watchdog is calling on Ofwat to set the lowest ever cost of capital for the water industry. The Consumer Council for Water (CCWater) recommends the regulator should set a Weighted Average Cost of Capital (WACC) between 1.8% and 2.5% for 2019. This is the assumption made on the cost water companies will incur […]