Cobalt Water granted water supply and sewerage licence
Cobalt Water has been granted a water supply and sewerage licence which would allow it to operate in the non-household water retail market when it opens next year.
Cobalt is the latest company to have been granted a licence by Ofwat, bringing the total number to 13, after Business Stream, Pennon Water Services and Thames Water Commercial Services received them last week.
The regulator opened the application process for retailers to apply for WSSLs in April this year. In its 2015/16 annual report, published in July, it said it expects about 30-40 applications for WSSLs in the coming year. The total number of companies to have applied for licences now stands at 18.
First licences were granted at the beginning of this month. Successful applicants were: Anglian Water Business; Castle Water; Clear Business Water; Kelda Retail – now part of Three Sixty – Northumbrian Water Business – now Wave – Severn Trent and United Utilities, on behalf of Water Plus; South Staffs Water Business; Sutton and East Surrey Water Services; and Water 2 Business – a joint venture between Wessex Water and Bristol Water.
Companies which have submitted applications which have not yet been granted are: water management firm Waterscan; commercial gas supplier subsidiary Regent Water; newly rebranded Affinity for Business; and Invicta Water.
South East Water Choice has applied for a sewerage licence only, in order to provide its existing customers with a combined water and sewerage bill.
Other companies to have indicated they may apply for a licence include Veolia UK, small Scottish supplier Everflow and new entrant Blue Business Water.
- A version of this article first appeared on Utility Week.
- Thames Water penalised for missing leakage target Thames Water has been hit with a penalty of £8.55M by Ofwat after missing its leakage target, in a performance described... Read More >
- MPs slam Ofwat for allowing water firms' 'excess profits' MPs have condemned Ofwat for allowing water companies to make 'excess profits', which they claim have not been shared with... Read More >
- Ofwat publishes performance reporting framework Ofwat has set out a framework for how it wants water companies to report performance and financial information to their... Read More >
- Comment: What could retail competition do for customers? Domestic retail competition could provide an opportunity to look again at how we determine the price of water to the... Read More >
- Comment: Sludge all set for reform The opening of the bioresources market presents water companies with an opportunity to do things differently, but what... Read More >
- Interview: Ben Jeffs, Chief Executive, MOSL “The whole industry has really mobilised around market opening, and the water companies deserve credit for that.” Read More >
- Close-Up: Who will be the big fish in the new water retail market? With a £2.5BN new market for non-domestic water retail to open in England in April, joint ventures, incumbents and new... Read More >
- Water Industry Procurement: could Brexit provide a fresh start? Could Brexit lead to a re-examination of the procurement rules which govern the water industry and other infrastructure... Read More >