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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.
Ofwat said in December that it had “robustly” examined firms’ requests to raise bills. But it actually gave firms higher bill increases than they asked for in their original business plans ...
The asset management plan period was introduced as a result of the privatisation of the water industry in England and Wales.The AMP periods are linked to the regular price reviews used by the Water Services Regulation Authority (Ofwat) to set the allowable price increase for consumers (known as the k factor).
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.
But the go-ahead for a series of new reservoirs under the £104 billion investment deal for the water sector, approved by regulator Ofwat last month, may help deliver the housing, labs and ...
Meanwhile, water bills are set to rise by £86 on average following regulator Ofwat’s price review. ... Switching now will mean lower bill in the future for most households, as sticking with a ...
The economic regulator of water companies in England and Wales is the Water Services Regulation Authority (Ofwat). [3] The Drinking Water Inspectorate (DWI) provides independent reassurance to consumers that water supplies in England and Wales are safe and that drinking water is of acceptable quality. [4]
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