“Healthy number”of firms signal early OK for Water 2020 licence package

“A healthy number of companies” have taken up Ofwat’s offer to give early notice of accepting the Water 2020 licence change package, senior director of Water 2020 David Black reported yesterday (5 July).

When it published its PR19 proposals in May, the regulator gave companies until today (6 July) to declare early acceptance of and support for the package of changes proposed, in exchange for an opportunity to work jointly with Ofwat to develop it.

Black described the level of support companies had shown as “very pleasing”. He added more acceptances were expected, and that a couple of company boards are not meeting until shortly after 6th so their responses should come in after that.

Some aspects of the Water 2020 package – such as the decision to move from RPI to CPI/H and separate controls for bioresources and water resources – require water company licences to be changed. Ofwat flagged up in December that it will seek to implement the required licence changes as a package, to ensure consistency.