Ofwat confirms market monitoring plan

Ofwat has confirmed it will largely stick with the market monitoring plan it consulted on in January and February.

The regulator reported broad agreement with its proposals from the 33 respondents, and said consequently it would go ahead and collect information from MOSL on a monthly basis, with detailed retailer returns and a customer survey on an annual basis (though there is some information it expects retailers to provide at the six month mark, such as tariff information).

The regulator said it plans to work with retailers to ensure it gets the information it needs without this being too onerous for the companies.