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The Water Services Regulation Authority, or Ofwat, is the body responsible for economic regulation of the privatised water and sewerage industry in England and Wales.Ofwat's main statutory duties include protecting the interests of consumers, securing the long-term resilience of water supply and wastewater systems, and ensuring that companies carry out their functions and are able to finance them.
Regulator Ofwat is doubling funding to £400 million for a scheme to support innovative projects that improve water supplies and help the environment. The Ofwat Innovation Fund has already awarded ...
Ofwat – the Water Services Regulation Authority, economic regulation of the water and wastewater industries in England and Wales; The Utility Regulator – economic regulation of the electricity, gas, water and wastewater industries in Northern Ireland [8]
Water and sanitation tariffs are regulated by OFWAT, which sets caps for tariff changes over five-year asset management plan periods. In the 2000–2005 review period OFWAT mandated an average annual reduction of tariffs of 1.6%. However, in the 2006–2010 review period it has allowed an average annual increase of 4.2%. [12] Affordability.
Water supply and sanitation in the United Kingdom is provided by a number of water and sewerage companies.Twelve companies and organisations provide drainage and sewerage services, each over a wide area, to the whole United Kingdom; and supply water to most customers in their areas of operation.
Meanwhile, water bills are set to rise by £86 on average following regulator Ofwat’s price review. Money Saving Expert founder Martin Lewis has given top tips for 2025 (PA)
the Water Services Regulation Authority, or Ofwat, responsible for setting the price regime that water companies are required to follow and monitoring performance of the new water companies. England and Wales became the only countries in the world to have a fully privatised water and sewage disposal system.
The issue of when police officers should be prosecuted and a review of the water industry lead the papers.