Regulatory Assurance

Description

This involves the assurance of Scottish Water's medium-term (SR27) business plan, covering the period from 2027 to 2033. The business plan will set out Scottish Waters investment plans together with the outcomes that we propose to deliver for our customers, communities and the environment, as well as the underlying evidence that we have prepared to support those plans. The information in Scottish Water's business plan submission will be used by the Water Industry Commission Scotland (WICS), Scottish Water's independent economic regulator, in the preparation of its Final Determination. While the business plan is Scottish Water's plan, WICS need to have confidence in the integrity of the data and commentary within it. If WICS have concerns over the impartiality or quality of the assurance report, this would undermine / reduce the value of the assurance to Scottish Water. Therefore, it is essential that the third-party assurance undertaken on the plan is completely impartial.