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UK: Water cos, regulators finally agree on license changes, open doors to competition

By  |  January 24, 2013
UK: Water cos, regulators finally agree on license changes, open doors to competition

The UK’s Water Services Regulation Authority, also known as Ofwat, has reportedly met an agreement with all 20 of England and Wales’ water companies over the Section 13 legislative changes. The change proposals concern the introduction of retail competition into the water sector from 2015 through 2020; of particular concern among the companies, say reports, was a certain clause included by Ofwat that required the companies to work with Ofwat to establish their own price controls for future wholesale endeavors. As a result of all parties agreeing to the Section 13 license changes, the issue will not be referred to the Competition Commission.

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