Regulatory Accounts Working Group

At its regulatory accounts workshop on 1 February 2012, Ofwat invited companies to join a regulatory accounts working group. The first meeting of this group was held on 22 March 2012.

The purpose of this working group is to:

  • develop thinking on how to account for and report on emerging policy areas
  • provide further input into any proposed changes for future regulatory accounts

Find out more in the terms of reference.

Meeting date Topics
28 February 2017

Meeting notes

Workshop slides
18 November 2016

Meeting notes

Workshop slides

  • Recent developments- Water2020
  • – RAGs consultation to IN 16/09
  • Review of 2015-16 RAGs and general practical questions on compiling the financial tables in the APR
  • RAG5 disclosures and transfer pricing- Increased significance, especially with focus on tankered waste (sewage and sludge)
  • – Potential for increased disclosures for non-appointed activities
  • – Review of 2015-16
  • Cost assessment – more granular cost information for new price control units
  • – General developments and timelines
  • Cost of new connections
  • Looking forward; 2017-18 and beyond- Non-household retail
  • – IFRS developments
18 March 2016

Meeting notes

23 March 2016

Meeting notes

  • Targeted review of sludge and water resources – background and scope
  • Water resources: CEPA findings; Key changes to RAGs
  • Sludge: CEPA findings; Key changes to RAGs
  • Recharges between price control units: CEPA findings; Key changes to RAGs
  • Other RAG changes: Transfer pricing disclosures; Arms length trading; Other changes
  • Future RAG changes – Water 2020: Sludge; Water resources
  • Future RAG changes – Water 2020: Other future reporting; Cost assessment