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An independent review into the water industry could consider abolishing regulator Ofwat among other measures to reform the sector, after a public outcry over bills, bonuses and sewage pollution.
An asset management plan (AMP) period is a five-year time period used in the English and Welsh water industry.It is used by the Water Services Regulation Authority to set allowable price increases for the privately owned water companies and for the assessment of many key performance indicators such as water quality and customer service.
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.
The Environment Agency is responsible for water quality and resource in England. [31] The economic regulator of water companies in England and Wales is the Water Services Regulation Authority, Ofwat and The Drinking Water Inspectorate (DWI) provides independent reassurance to consumers that supplies are safe and of drinking water quality. [32] [33]
The water watchdog said Southern Water, SES Water and Yorkshire Water were lagging behind rivals in the quality of the services they deliver. Ofwat flags worries over ‘financial resilience’ of ...
The regulator will set out by how much England’s suppliers can raise consumer bills over the next five years in a draft ruling.
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