TITLE

Renewables incomemust be ring-fenced

AUTHOR(S)
Andrews, Annabel
PUB. DATE
July 2008
SOURCE
Utility Week;7/11/2008, Vol. 29 Issue 12, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on an announcement by the British Office of Water Services (Ofwat) that some water companies are not following accounting guidelines covering the way they treat the renewable energy they generate. Guidelines presume there is a competitive market for renewable energy and that therefore it should not form part of a company's regulated business or be subject to price controls. All income from sales of electricity generated as part of an appointed business must be recorded as negative operating expenditure.
ACCESSION #
33643536

 

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