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Ofwat has granted Independent Water Networks Limited (IWNL) its second inset appointment to enable it to provide water and sewerage services to a new development in Corby, Northamptonshire. The inset appointment allows IWNL to supply water and sewerage services to a major development of nearly 5,100 homes and 51 business units at Priors Hall in Corby over the next 15 years. Inset appointments allow one company to replace another as the statutory supplier for a specific geographic area. IWNL will serve its customers by buying treated water from Anglian Water and discharging sewage to Anglian Water's network for treatment and disposal. Customers who live on the site in the 2008-09 charging year will benefit from the change of supply, as IWNL will charge its customers 5% less per cubic metre of water supplied than Anglian Water would charge. All other charges will be the same as Anglian Water's. In future, IWNL has committed that its customers will pay no more than they would have done had they been supplied by Anglian Water. IWNL will also be subject to the same level of customer service requirements as other water and sewerage companies. In October last year Ofwat granted IWNL its first inset appointment for a housing development, also in Corby. Notes to Editors 1. The Water Services Regulation Authority (Ofwat) is the economic regulator of water and sewerage companies in England and Wales. It exercises its powers in a way that it judges will protect the interests of consumers, promote value and safeguard future water and sewerage services by allowing efficient companies to carry out their functions properly, and to finance them. 2. Media enquiries to Ofwat Press Office on: 0121 625 1496/1322/1442. 3. Ofwat consulted on its proposal to vary the appointments of Independent Water Networks Limited and Anglian Water Services Limited in November 2007.  | ||||||
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