Review of Credit Arrangements in the Business Retail Market

The objective of the work is to lead a review of the current credit arrangements included within the Market Codes, provide recommendations on areas that should be reviewed and options that Ofwat should consider to remedy any issues identified. In particular, we are keen to understand whether the current arrangements provide any barriers to entry and/or foreclose the market to new entrants of particular scale. Associated with the credit arrangements, the WRC provides a process and timelines for default and termination for failure to provide eligible credit support. We are keen to understand whether the current provisions of the Code align with the intended timescales. MOSL (the Market Ope…

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