4 Making and approval of charges schemes.E+W
(1)Section 143 of the Water Industry Act 1991 (charges schemes) is amended as follows.
(2)In subsection (1), after “which” there is inserted “ has effect in relation to a specified period of twelve months and ”.
(3)At the end there is inserted—
“(6)A charges scheme shall not take effect unless it has been approved by the Director.
(7)The Secretary of State may give guidance to the Director on the exercise of his power under subsection (6) above; and the Director shall have regard to that guidance in the exercise of that power.
(8)The Secretary of State shall arrange for any guidance given by him under subsection (7) above to be published in such manner as he considers appropriate.
(9)The Director may not exercise his power under subsection (6) above for the purpose of limiting the total revenues of relevant undertakers from charges fixed by or in accordance with charges schemes.”