Ofwat will today refer Bristol Water’s final determination to the Competition and Markets Authority (CMA).
This referral follows the announcement on 13 February 2015 that 17 companies had accepted Ofwat’s final determinations and Bristol was the only company to ask Ofwat to refer their final determination to the CMA.
The process is now taken forward by the CMA who will reopen Bristol’s final determination.
Notes to editors
- The Water Services Regulation Authority (Ofwat) is the economic regulator of water and sewerage companies in England and Wales. It exercises its powers in a way that it judges will protect the interests of consumers, promote value and safeguard future water and sewerage services by allowing efficient companies to carry out their functions properly, and finance them.
- The CMA will be asked to report on and determine the disputed determination within a period of six months beginning with the date of this reference.
- Ofwat notes that Northern Powergrid (Northeast) Limited and Northern Powergrid (Yorkshire) plc as well as British Gas Trading Limited (BGT) have sought permission from the CMA to appeal against Ofgem’s RIIO-ED1 price controls for electricity distribution companies. Ofwat will work with the CMA during the process.
- Media enquiries to Ofwat Press Office on:
Benedict Fisher 0121 644 7642 / [email protected]