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The economic regulator has granted Independent Water Networks Limited (IWNL) an inset appointment that will allow it to supply a 950-home development at Long Croft Road, in Corby, Northamptonshire. Inset appointments allow for one supplier to be replaced by another for a specific geographical area. IWNL will serve its customers by buying water from Anglian Water and discharging sewage to Anglian Water's Network. Customers at Long Croft Road will benefit from the change of supply straightaway – IWNL has said that its 2007-08 water volumetric charge will be 5% lower than that of Anglian Water. Other charges will be the same. In the future Ofwat requires that IWNL's customers will pay no more than if had they been supplied by Anglian Water. Ofwat also requires the customers to receive a quality of service as least as good as if Anglian Water had served the Long Croft Road site. 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 finance them. 2. Ofwat published its consultation paper on its website on the 21 August asking for views on its proposal to grant IWNL an appointment. 3. Media enquiries to Ofwat Press Office on: 0121 625 1442/1416.  | ||||||
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