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Regulation and Legislation

The Blueprint for Water coalition is calling for water companies’ 2019 Price Review investment plans to deliver a ‘water neutral’ PR19 and for the firms to ensure that no overall increase in the amount of water is abstracted from rivers and groundwater - despite increases in population and climate change.

SEvern Trent Report coverSevern Trent Water is calling for Ofwat to explore the scope for increasing the scale of Outcome Delivery Incentives (ODIs) in the 2019 Price Review, the possibility of a variable WACC, potential together with the potential reintroduction of “output type incentives” to address longer term challenges like resilience.

The Water Industry Commission for Scotland, the Consumer Futures Unit of Citizens Advice Scotland and Scottish Water have signed an agreement to establish the next Customer Forum for Water.

Water sector regulator Ofwat has launched an early engagement market sounding exercise to judge interest from potential suppliers  to select its Delivery Partner for the 2019 Price Review. 

Water industry regulator Ofwat is seeking to appoint regulatory, financial and competition economists to work on the upcoming Price Review in 2019, the Water 2020 programme and the development of upstream markets in bioresources and water trading.

MPs from the House of Commons cross-party Environment Food, and Rural Affairs Committee have criticised the Government’s sub-standard sustainable drainage (SuDS) approaches in a report published today.

BSI, the business standards company, has launched ISO 20400:2017 Sustainable procurement – Guidance. Designed to assist organizations to meet their sustainability responsibilities, ISO 20400 outlines what sustainable procurement is, and how an organization can implement sustainable procurement practically.

Ofwat has moved one step closer to firing the starting gun on bioresources and water resources trading with a new consultation on the information needed to facilitate the launch of the new markets.

Ofwat has flagged up the need to take account in the upcoming 2019 Price Review of the dual risks that some companies may not be adequately considering resilience, whilst others may be proposing a gold plated level of resilience and driving inefficient expenditure.

The UK Regulators Network (UKRN) has published a project update on its work on data sharing across water and energy to support vulnerable consumers in vulnerable situations.

Following on from a consultation in February, Ofwat has now published its finalised principles for a voluntary code of conduct for Third Party Intermediaries (TPIs) to protect customers when the business retail market opens from 1st April 2017.

Ian Newcombe, Partner at national law firm Bond Dickinson LLP looks at some of the challenges that suppliers in the new retail water market will face and offers some practical tips on how to minimise their impact.

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