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answer › date of answer	2019-05-20
hansard heading	Water Companies: Insolvency

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

1124875

registered interest

date

07/05/2019

answering body

Department for Environment, Food and Rural Affairs

answering dept id

answering dept short name

Environment, Food and Rural Affairs

answering dept sort name

Environment, Food and Rural Affairs

hansard heading

Water Companies: Insolvency

house id

legislature

25277

	pref label	House of Lords

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.

tabling member printed

Baroness McIntosh of Pickering

uin

HL15550

answer

is ministerial correction

date of answer

20/05/2019

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>

answering member printed

Lord Gardiner of Kimble

question first answered

20/05/2019 14:58:48

answering member

4161

	label	Biography information for Lord Gardiner of Kimble

tabling member

384

	label	Biography information for Baroness McIntosh of Pickering