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Regulation and Legislation
Thursday, 03 December 2015 08:28

MOSL progresses on Shadow Market implementation

Market Operator Services Ltd (MOSL), the private company owned by market participants set up to faciltate the opening of the retail market for non-household competition in 2017, has outlined its proposals for the Shadow Market which is due to go live next year.

Ofwat has flagged up a new research study as further European context to its findings on water affordability – yesterday the water industry regulator published its report on Affordability and debt 2014-15 which calls for the water companies to do more to help customers struggling to pay.

New regulations to create increased competition between England and Wales and Scotland via cross border applications allowing for an application to one regulator (Ofwat or WICS) to be treated as if it had been made to the other will come into force in April 2016. 

Water industry regulator Ofwat and the water watchdog Consumer Council for Water have both welcomed yesterday’s announcement that the Government is to examine the benefits of providing competition for retail water services to household customers in England.

South West Water has been fined £300,000 – its  largest fine ever - after pollution of the Craddock stream in Devon due to a combination of equipment failure and poor management, according to the Environment Agency.

New research from Ofwat shows unpaid water bills are an increasing problem in England and Wales – the regulator says the water companies need to do more to prevent it and help customers struggling to afford their bill.

The Environment Agency has launched a new consultation on its approach and the standards it is proposing for the onshore oil and gas sector.

The Government has today announced details of an ambitious action to increase competition in the economy aimed at bringing down bills for families and firms – including the opening of the domestic water to competition after 2020.

Market Operator Services Limited has published its response to a request from the Chief Executive of Ofwat, Cathryn Ross for assurances that MOSL has the capability and capacity required to fulfil its function.

Water industry regulator Ofwat has launched a new consultation on the abstraction incentive mechanism (AIM).

Ofwat has launched a new consultation on a draft water trading and procurement code for Dŵr Cymru Welsh Water.

The European Commission has launched a new consultation on whether national competition authorities in EU Member States should be given additional tools to enforce EU antitrust rules.

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