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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.
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.
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.
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.
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]
From 1968 to 1995, he was a career civil servant, mainly working in the Department of the Environment and rising to the rank of deputy secretary.He served as the final Receiver of the Metropolitan Police (1996 to 2000); and then led Ofwat as its Director General (1 August 2000 to 31 March 2006) and as Chairman (1 April 2006 to 2012).
Iain Michael Coucher (born 22 August 1961) is the chairman of Ofwat, and was formerly the chief executive of the Atomic Weapons Establishment.He has worked as a consultant in the railway industry and held a number of management posts, most notably as the chief executive of Network Rail from 2007 to 2010.
Ian Byatt was Head of Public Sector Economic Unit (1972–78) and then Deputy Chief Economic Adviser (1978–89) at Her Majesty's Treasury under Margaret Thatcher.Other posts included HM Treasury 1962-4; LSE 1964-7; Dept of Education and Science 1967-9; Ministry of Housing and Local Government 1969-70; DoE 1970-2; HM Treasury 1972-89; Central Council of Education 1965-6; CNAA 1968-70; ESCR ...