Ofwat and Rate regulator: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Expand for Ofcom.) |
imported>Doug Williamson (Add example.) |
||
| Line 1: | Line 1: | ||
An authorised body empowered by statute or regulation to establish the rate or range of rates or prices that may be charged by a regulated entity, for example an electricity supplier. | |||
The rate regulator may be a third-party body or a related party of the entity itself, including the entity's own governing board, if that body is required by statute or regulation to set rates both in the interests of customers and to ensure the overall financial viability of the entity. | |||
==See also== | ==See also== | ||
* [[Rate regulation]] | * [[Rate regulation]] | ||
* [[Regulatory deferral account]] | * [[Regulatory deferral account]] | ||
* [[IFRS 14]] | |||
[[ | |||
Revision as of 08:44, 18 January 2015
An authorised body empowered by statute or regulation to establish the rate or range of rates or prices that may be charged by a regulated entity, for example an electricity supplier.
The rate regulator may be a third-party body or a related party of the entity itself, including the entity's own governing board, if that body is required by statute or regulation to set rates both in the interests of customers and to ensure the overall financial viability of the entity.
