Ofwat consults on new reporting requirements
Ofwat is consulting until 19 July on proposed changes to regulatory reporting for the 2017/18 year.
It has proposed alterations to Annual Performance Reports – which set out its minimum expectations of company reporting – dealing with the following areas:
new information requirements for cost assessment purposes
new information requirements for the cost of new connections
updates to Regulatory Accounting Guideline 5 and some specific changes which will only apply to
limited new disclosure requirements for non-appointed transactions
changes to outcomes reporting
changes recognising the new eligibility criteria for participants in new retail market
a proposal to raise the small company threshold.
Ofwat plans to finalise its regulatory accounting guidelines in October 2017.