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Regulation and Legislation

Water industry regulator has announced the allocation of customers of failed water retailer Tor Water to four other companies on an interim supply basis.

Ofwat has today published guidance to protect the interests of customers and the financial resilience of water companies. OFWAT FINANCIAL

Water industry regulator Ofwat is recruiting a Director of Governance, Environment and Public Value to head up its new Performance and Outcomes cluster.

The water industry regulator has announced that it is revoking the water and wastewater supply licences of two independent retailers operating in the competitive water retail market – Tor Water and Peel Water.

Rachel Fletcher OFWATOfwat is warning that shareholders’ rewards for investors in the water sector “will only be earned through a new standard of operational excellence” and that investors “need to face up to the new reality.”

BUSINESSOfwat has published detailed requirements of what it expects water company Boards to provide on annual basis to confirm they have sufficient financial and non-financial resources to carry out their regulated activities.

tap glassThe Drinking Water Inspectorate (DWI) for England and Wales is emphasising that it does not expect the quality of drinking water in England and Wales to be compromised in any way as a result of Brexit.

Thursday, 30 January 2020 09:34

Environment Bill introduced to Parliament

CUMBRIAThe Department for Environment, Food & Rural Affairs has announced today that the government’s Environment Bill has been introduced to Parliament.

Ofwat has published the Terms of Reference for the Regulators’ Alliance for Progressing Infrastructure Development (RAPID) – the organisation which brings together the 3 water regulators to improve regulation and remove barriers to help the water sector respond to long term water resources challenges.

Gloucester Gateway Ltd, owners of Gloucester M5 Services, have donated £60,000 to Gloucestershire Wildlife Trust following an Environment Agency investigation into a sewage pollution incident.

CMA REPORT COMPETITION  REGULATIONThe Competition and Markets Authority has warned over the potential impact of inadequate regulation on competition in the UK and expressed concerns that regulation can stifle competition and raise barriers to entry.

 

CCC LAND USE REPORTThe Committee on Climate Change (CCC) is calling for a major shift in UK land use to deliver Net Zero emissions in its first ever in-depth advice to the Government on UK agricultural policies - and wants to see water companies mandated to restore peatland under their ownership.

 

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