Ofwat definition

Ofwat means the Water Services Regulation Authority;

Ofwat means the Water Services Regulatory Authority, the economic regulator for the water industry in England and Wales.

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

• You must notify Ofwat of any overpayment as soon as reasonably practicable after you become aware of it.

• Nesta may assign, transfer or novate any or all of its rights or obligations under this Winner’s Agreement to anyone else with approval from Ofwat (not to be unreasonably withheld or delayed).

• Reduction and Recovery of Award Ofwat reserves the right to direct you to repay all or part of the Award if you fail to comply with any term of this Winner’s Agreement.

• Ofwat shall have the benefit of and be entitled to enforce clauses: 4 (award use), 10 to 22 (Award Instalments and Project Milestones, Accountable Officer, Reduction and Recovery, Managing the Award), and 26 and onwards (Audit and Inspection, Liability, Variations, Dispute Resolution and Governing Law) of this Winner’s Agreement.

• Any repayment required to be made pursuant to the Winner’s Agreement must be made in accordance with any directions (including without limitation any reasonable timeframes) notified to you by 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 or any successor body;

Ofwat means the Water Services Regulation Authority established by section 1A of the Act;

Ofwat means the UK Water Services Regulatory Authority.

Ofwat. Section 7.01(l)