The CRU has today, 4 August 2020, published its Decision Paper on the Update to Irish Water’s Revenue Control 3 (Irish Water’s Updated Capital Investment Plan). This decision should be read in conjunction with the CRU’s previous RC3 decision (CRU19148). The previous decision provided for Irish Water to request further Capital Expenditure allowance and this publication is the CRU decision with regard to the full Capital Expenditure Allowance for Irish Water for the period 2020-2024.
This is Irish Water’s first five-year revenue control and covers the period 2020-2024. The Revenue Control 3 allowance Decision is taken against the backdrop of the new funding model brought about by the Water Services Act 2017, the publication by the Minister for Housing, Planning and Local Government of the Water Services Policy Statement in May 2018, and the approval of Irish Water’s Strategic Funding Plan in November 2018.
The publication today includes:
- CRU Update to Irish Water’s Revenue Control 3 Decision Paper
- CRU RC3 Revenue Model
- Scottish Water International Report (IW Investment & Delivery Review)