In this new segment shine the spotlight on WSAA networks and communities of practice. Find out who they are, what they do and how to get involved. This month we introduce the Financial Sustainability and Regulation Network.
Formerly known as the Commercial Performance Network, the Financial Sustainability and Regulation Network will continue its exciting work program.
Reporting to the Customer and Industry Leadership Committee, the Network’s purpose is to influence utilities external operating environment to ensure utilities can meet the long term interests of customers. This includes influencing regulators, shareholders and governments. Improving economic regulation has been a focus of the Network’s program over the last two years and this culminated in the release by the Commonwealth Treasurer of a collaborative paper with Infrastructure Partnerships Australia on the urban water reform agenda. Following on from this, Network members oversaw WSAA’s submission on Competition in urban water to IPART’s review of wholesale pricing. The network was also integral to the success of the efficiency benchmarking project. One of its projects currently underway is a subscription project measuring the costs across the urban water value chain.
The network has flourished under the chairmanship of Ross Hughes, CFO Water Corporation. It comprises representatives from our members with financial, regulatory and stakeholder management skills, and works closely with both the Liveable Communities Committee and the newly formed Utility Excellence Committee.
Ross is moving across to the Utilities Excellence Committee, and we would like to thank Ross for his invaluable contribution over the past three years. A new chairman will be announced shortly to take the network on its next exciting and challenging phase of work.
For more information about the Financial Sustainability and Regulation Network contact Stuart Wilson.