Utilities have little faith in regulation - UWL report
Confidence in Ofwat's PR19 framework is rated at only 4.8 out of 10, according to the Disruption and Regulation Report released in conjunction with Utility Week Live.
The exclusive research behind the report, which was carried out by Harris Interactive, found there is only marginally more confidence in Ofgem's RIIO regime (5.2 out of 10) than there is in Ofwat's PR19 framework.
In the third of a five-part series detailing the responses of more than 700 utilities executives, The Disruption and Regulation Report – available to view in full here – also lists the top five ways in which respondents believe regulatory disruption is manifesting in the sector.
There are two further reports: The Disruptive Technologies Report, which reveals the top ten technologies our survey respondents believe will most disrupt utilities in the next five to ten years, and The Disruptive Companies Report, which reveals the companies they believe will most disrupt utilities in the same time period.
Disruption is the headline theme at Utility Week Live 2018, held at the NEC in Birmingham on 22 and 23 May. Exhibition and seminar sessions will gather industry intelligence and spark debate on themes including the Internet of Things and other game-changing technologies, plus utilities innovation and new solutions to serve customer interests and opportunities for applying new, collaborative ways of working in the sector in key areas such as streetworks.
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