Consultation on strengthening the regulatory ring-fencing framework



Ofwat have issued a consultation on strengthening the regulatory ring-fencing framework to bring all licences up to the industry leading standard. It sets out why Ofwat believes that the regulatory ring-fencing framework should comprise licence conditions which are consistent across the industry. The proposals build on previous consultations and discussions in industry workshops, and specifically relate to:


maintaining investment grade credit ratings and cash lock-up;


providing ring-fencing certificates;


reporting of material issues; and


change of control.


Ofwat are seeking responses to this consultation via FinanceAndGovernance@ofwat.gsi.gov.uk by 8 January 2019.

https://www.ofwat.gov.uk/wp-content/uploads/2018/11/Consultation-on-strengthening-the-regulatory-ring-fencing-framework.pdf

Case Studies

South West Water
Thames Water
Irish Water