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Ofwat rejects framework to formalise industry good practice guides into market codes

by Karma Loveday

Ofwat has rejected change proposals CPM046 and CPW133 that sought to introduce an Approved Codes of Practice (ACoP) framework to provide a route for formalising Retailer Wholesaler Group (RWG) good practice guidance within the market codes.


The regulator said it fully supported and encouraged the continued development and adoption of RWG good practice guidance by trading parties, but argued existing market mechanisms should be used to elevate the guidance into to the codes rather than a new ACoP framework.

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