UK WATER INDUSTRY RESEARCH

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Asset Health Indicators - Forward Looking Metrics - Call for Expression of Interest

Asset Health Indicators - Forward Looking Metrics - Call for Expression of Interest

Published On 12/08/2019

This project supporting UKWIR's Big Question "What is the true cost of maintaining assets and how do we get this better reflected in the regulatory decision making process' is open for Expression of Interest.

In the Initial Asset of Plans (IAP) for PR19, Ofwat have set a common action for the sector:
'The company should also provide a commitment to work with the sector to develop robust forward looking asset health metrics and provide greater transparency of how its asset health indicators influence its operational decision making'.

Ofwat's recent horizontal audit of common measures demonstrated that even for long standing measures different companies approach their capture and collations of data differently, leading to inconsistencies.

This projects seeks to address both these issues with the primary objective being to develop a suite of measures that can be used by the industry against a standard method measurement.

Any interested parties should log in to the website and visit this page to express their interest. Expressions of Interest will be open from 12th August to 8th September.