About Consultation
This consultation sets out proposed changes to the reporting requirements for the annual performance report (APR) for 2023-24 onwards. The reporting requirements for the APR are contained in our regulatory accounting guidelines (RAGs). The RAGs set out the data and information that regulated monopoly companies must report and ensures that data is published consistently across the sector. This promotes transparency and allows all stakeholders to understand and challenge companies.
We are consulting on clarifications and updates to our current requirements as well as on requirements for some new information which we have not previously required to be reported. The amendments cover the data tables which companies are required to submit as part of their APRs. These requirements are set out in ‘RAG 4 – Guideline for the table definitions in the annual performance report’. We are not consulting on changes to any of the other RAGs.
We invite comments from all stakeholders on the proposed changes.
We intend to publish the revised version of RAG 4 in the spring of 2024, once we have considered the responses which we receive to this consultation, and it will be effective for the 2023-24 reporting year.
We would welcome any comments on the proposed changes to the APR table reporting guidance set out in sections 4 to 7 of this document, listed in appendix A3 and set out in full in the draft version of RAG 4.12 . A suggested template for providing a response is provided in appendix A2. Please email responses to [email protected]
The closing date for this consultation is 8 March 2024.