This consultation invites comments on proposals of the Water Services Regulation Authority (Ofwat) to modify Condition B (Charges) of the conditions of the appointments (licences) of specific water companies.
Our proposed licence modifications would alter the effect of the Revenue Forecasting Incentive (RFI) formula, which was notified to each of the above water companies under Condition B of their licences as part of our 2019 price review (PR19).
Under section 13 of the Water Industry Act 1991 (WIA91) we are able to modify the conditions of a company’s licence if it agrees to the change we are proposing to make. This consultation is a Notice under section 13 of the WIA91.
How to respond
We invite stakeholders to comment on our proposed modifications by no later than 5pm 26 October 2020.
The water companies concerned should also indicate their acceptance or otherwise of the proposed modifications by this date. You can email your responses to [email protected] or post them to:
Centre City Tower
7 Hill Street
If you wish to discuss any aspect of this document, please direct your enquiry to Alex Whitmarsh by email to [email protected]
We will publish responses to this document on our website at www.ofwat.gov.uk. Information provided in response to this consultation, including personal information, may be published or disclosed in accordance with access to information legislation – primarily the Freedom of Information Act 2000 (FoIA), data protection legislation and the Environmental Information Regulations 2004.
Subject to the responses to this consultation and the agreement of the companies concerned, we expect to amend companies’ licences by 15 November 2020.