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1124875
star this property registered interest false more like this
unstar this property date less than 2019-05-07more like thismore than 2019-05-07
star this property answering body
Department for Environment, Food and Rural Affairs more like this
star this property answering dept id 13 more like this
star this property answering dept short name Environment, Food and Rural Affairs more like this
star this property answering dept sort name Environment, Food and Rural Affairs more like this
star this property hansard heading Water Companies: Insolvency more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to prevent retailers in the water market who sell to SME customers from failing. more like this
star this property tabling member printed
Baroness McIntosh of Pickering more like this
star this property uin HL15550 remove filter
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>When considering applications from potential retailers, Ofwat, the economic regulator for the water industry, considers whether it would have sufficient financial resources to finance its obligations under the law and to deliver its business plan. Once the retailer enters the market, it is for the retailer to ensure it operates efficiently and is able to continue to operate. In any functioning market some retailers will fail. If a retailer were to fail, as has been seen in other sectors, Ofwat would step in and ensure affected customers are allocated to a new supplier in a seamless way.</p> more like this
star this property answering member printed Lord Gardiner of Kimble more like this
star this property question first answered
less than 2019-05-20T14:58:48.21Zmore like thismore than 2019-05-20T14:58:48.21Z
star this property answering member
4161
star this property label Biography information for Lord Gardiner of Kimble more like this
unstar this property tabling member
384
unstar this property label Biography information for Baroness McIntosh of Pickering more like this