Today we are publishing a consultation document which sets out our proposed approach for our mid-term review of PC21 and the timescale to completion. PC21 is NI Water’s fourth and current price control period. It covers the six-year period from April 2021 to March 2027.
The approach document builds upon the outline proposals included in our PC21 final determination and explains the extent and scope of the work that will be undertaken through reference to specific elements of the price control.
PC21 is the second of our longer duration price controls and whilst this provides benefits in terms of providing extra time for efficient planning and delivery, it also introduces a degree of uncertainty associated with planning over the long term, particularly in an environment where funding confirmation occurs on an annual basis. A mid-term review was therefore included to address any ongoing uncertainties.
Full details on the consultation and how to respond can be found on our consultation page.