This paper invites comments on our proposals to modify certain ring-fencing provisions in each water company’s Instrument of Appointment (licence). The modifications proposed relate to Condition P of all companies’ licences, apart from Wessex Water’s licence, which we propose to make modifications to Conditions A, I, K and P.
For the purpose of this document, a reference to a water company or company means a company holding an appointment as a water and/or sewerage undertaker under the Water Industry Act 1991. The proposals in this document do not apply to apply to new appointments and variations.
The consultation will remain open until 29 September 2022 and follows a discussion document on financial resilience published in December 2021.
Consultation responses should be sent to [email protected].