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.
- EU standards boost for contractors Contractors that specialise in environmental services look set to gain more work as more stringent EU environmental... Read More >
- APEM and Xylem team up over hydrometrics APEM has teamed up with Xylem Analytics to extend its services in hydrometrics. The deal enables APEM to build on its... Read More >
- Minworth Gas-to-Grid project team triumphs at water 'Oscars' LORImtech, CNG Services and Severn Trent Services triumphed last night when they were crowned outright winner of the Water... Read More >
- The end of 'business as usual' in the water sector? James Connolly, head of partnerships at digital asset and works management company eviFile, assesses the message coming... Read More >
- C-MeX: Keeping the customer satisfied Ofwat's new customer measure of experience (C-MeX) is now being road-tested and water companies will start to be judged... Read More >
- Data Protection and Brexit - Is your organisation prepared? Guidance to help businesses and charities continue to comply with data protection law after the UK leaves the EU Read More >
- Ofwat's assessments keep water companies in check The regulator's initial assessment of water companies' business plans reveals that a tight financial settlement is on the... Read More >
- Opinion: How will the UK protect the environment after Brexit? The Draft Environment (Principles & Governance) Bill leaves several unanswered questions about the enforcement of the... Read More >