An article in Utility Week reports on the appointment of PA Consulting Group’s John Parsonage as the Programme Director of Open Water.
The article reports on how Ofwat said in January that the creation of a new company (Open Water Market Limited) would “address the programme's short-term funding and governance issues”. The article goes on to state that, according to the regulator, consultation showed stakeholders wanted a separate company and board to run the programme, rather than it being operated at arm’s length by Ofwat.
In John's view, the programme is on track to deliver the opening of the retail market in 2017: “Thanks to Keith’s work we now have the foundations – ahead of schedule – to set up Open Water Markets Limited, an entity which can evolve into the market operator for an Anglo-Scottish retail market in the future.”
He continues: “It is now right that Open Water Markets will need to look to the next stage of its evolution- establishing its own governance and leadership including a new board and chief executive officer. This will require a different mix of skills and experience, including experience of establishing and running a market operator. As agreed Keith has therefore stepped down as director for the Open Water programme as this work transfers over to Open Water Markets Limited.”
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