Ofwat details retailer financial resilience information requirements

Ofwat has issued detail on the information it requires from business retailers to better monitor their financial resilience.

The regulator has published a spreadsheet for retailers to complete, alongside a request for an accompanying narrative, together with guidance on how these information requests should be approached.

This follows changes implemented in May 2023, specifying greater regulatory scrutiny of retailer finances, ownership structures and governance.

The guidance explained the objective is to secure “better forewarning of potential risks to retailer financial resilience and customer outcomes, strengthening our ability to take appropriate steps to protect the interests of current and future business customers”.