Thames Water

In the summer and autumn of 2012 d&i advised Thames Water on its responses to Ofwat's consultations on Retail Price Controls and the implementation of Wholesale Incentives.

The Wholesale Incentives are intended for implementation of the 2014 price controls. The consultation set out options to: adopt a totex approach to regulation to replace the existing capes and opex approach; incentivise the delivery of outcomes agreed with customers; encourage the efficient use of water resources through water trading and incentivising sustainable abstraction; and, establish non-binding price controls on a "Network plus" element of water businesses.