Ofwat calls for views on developing water resources market
Water regulator Ofwat is seeking views from interested parties about the development and implementation of a bilateral market in water resources in England.
A bilateral market would allow water resource providers, other than the incumbent water company, to contract directly for the supply of water resources with retailers operating in the business retail market.
Many organisations with water abstraction rights use water for their own purposes and currently do not supply any surplus water they may have within their abstraction licences to meet water companies’ needs.
Other significant entities with abstraction rights could include farmers, landowners, non-governmental organisations and large industrial users such as brewers and power generators.
Ofwat are keen to hear from a wide range of stakeholders, particularly potential participants in a bilateral market, such as potential third-party suppliers of water resources and retailers or self-suppliers in the business retail market and to understand their level of interest in participating.
They are also interested in views on some of the policy issues that would need to be addressed in order for a bilateral market to be successfully established, and how such a market could complement or conflict with other means of providing water resources.
Ofwat, the Environment Agency and Drinking Water Inspectorate are increasingly working in closer collaboration to address water resource issues via the establishment of the National Framework for water resources (including the development of regional groups); and the development of Regulators’ Alliance for Progressing Infrastructure Development (RAPID).
The deadline to submit responses to the call for information is Friday 6 September - click here to access the Ofwat COI.
- Wessex Water helping Bath Half go plastic free Wessex Water will supply fresh tap water to Bath Half Marathon runners - part of a mission to make the race totally free... Read More >
- Ofwat takes further action to protect customer interests Water companies trying to create financial arrangements otherwise prohibited by their licence will have to clearly show... Read More >
- South East Water using data to reduce leakage South East Water is analysing the results of a 12-month trial to reduce leakage across its catchment and create a smart... Read More >
- Reaching net carbon zero In summer 2019, the water industry committed to reach net carbon zero by 2030. This is a very ambitious aim and... Read More >
- Meeting AMP7 leakage targets Damian Crawford, head of smart networks & leakage at Stantec, discusses how becoming data-rich and knowledge-smart can... Read More >
- Rewarding excellence WWT content director Alec Peachey looks ahead to next year's Water Industry Awards. Read More >
- Delivering a smart network Tom Mills, senior director UK&I at Sensus, examines what a smart water network really means - and how to get there. Read More >
- A watershed moment for the water industry? Tessa Harding, director of water at Thomson Environmental Consultants, discusses the government's Environment Bill. Read More >