Ofwat definition

Ofwat means the Water Services Regulation Authority;
Ofwat means the Water Services Regulation Authority, also known as Ofwat, established by section 1A of the Water Industry Act 1991.

Examples of Ofwat in a sentence

  • This Household Scheme of Charges has been published as required under the provisions of the Water Industry Act 1991 and a Statement of Assurance has been approved by Ofwat, the independent economic regulator of the water industry.

  • However, we still have a legal right to charge commercial customers by agreement rather than in accordance with a Charges Scheme, subject to the charges being approved by the Water Services Regulation Authority (known as Ofwat).

  • We have made this Scheme under section 143 of the Act and Ofwat Charging Rules.

  • In the absence of agreement, Ofwat may be asked to determine whether a supply under 66C should be made, and if so the terms of that supply.

  • The basis on which such a view is formed must also be disclosed to Ofwat.


More Definitions of Ofwat

Ofwat s Retail Market Costs” means the costs estimated by the Water Services Regulation Authority as likely to be reasonably incurred by it in that Charging Year, and/or as already having been reasonably incurred by it in that Charging Year, on work in preparation for, or associated with, the expansion of the non-household retail market through the implementation of the provisions of the Water Act 2014 relating to the expansion of water supply licensing and the introduction of sewerage licences or £10.5 million, whichever is the lower amount.
Ofwat. Means the Water Services Regulation Authority (the regulator of the water industry in England and Wales)
Ofwat means the Water Services Regulation Authority established under section 1A of the Water Industry Act 1991;
Ofwat means the Water Services Regulation Authority established by section 1A of the Act;
Ofwat means the Water Services Regulation Authority or any successor body;
Ofwat means The Office of Water Services, including any successor office or body.