We are pleased to confirm that the MOSL Board has approved the Outline Business Case (OBC) stage of the Bilateral Transactions Programme.
The decision means that the programme has entered the planning phase and we will now begin developing the Full Business Case (FBC) for consideration at the end of September.
The bilaterals programme is one of the most fundamental developments since the market opened and central to our objective to make the market easier to do business in.
For those not familiar with the term ‘bilateral processes’ the aim of the programme is to improve the speed and quality of service that customers experience by working with trading parties to standardise the most frequently used inter-company processes.
At each of the three stages in the development of the business case five criteria have been considered: strategic, economic, commercial, funding and delivery.
Our analysis concludes that there is a strong business case for the programme in both financial and non-financial terms at this stage in the process. You can read the Outline Business Case (OBC) here.
As an industry-wide programme, trading parties’ involvement and engagement will be key to its success, whether it’s responding to requests for data or testing and challenging proposals as a member of one of our advisory groups.
We will provide regular updates over the coming weeks and will also share the bi-monthly progress reports we issue to Ofwat, the latest of which is available here. You may also like to read the interview with MOSL’s CEO, Sarah McMath, in this month’s Water Report.
If you have any questions or comments at any time, please email firstname.lastname@example.org.