RAG changes following this consultation.
This document is a second, short, focused consultation on the regulatory accounting guidelines (RAGs) for the 2016-17 reporting year. It follows and builds upon our first consultation in March ‘Consultation on regulatory reporting for the 2016-17 reporting year’. We intend to finalise the regulatory accounting guidelines (RAGs) in October by publishing an information notice.
This document covers three areas.
1. We are proposing changes to reporting to support our regulatory decisions in our ‘Water 2020: our regulatory approach for water and wastewater services in England and Wales’ (May Water 2020 document), with an increased focus on water resources and bioresources.
2. This consultation also focuses on our findings from the first year of reporting under the new Annual Performance Report (APR) format, as well as earlier consultation responses and further feedback from companies.
3. More generally, we provide an update on our future plans for developing reporting for 2017-18 onwards.