Regulation and Legislation
The Environment Agency (EA) has today launched a new consultation on its approach to determining areas water stress to inform decisions by water companies on whether they can introduce compulsory metering in those areas.
Ofwat PR19 appeals – more institutional investors submit concerns to Competition & Markets Authority
More institutional investors have made written submissions to the Competition & Markets Authority expressing their concerns in the current CMA inquiry into appeals by four water companies against Ofwat’s decisions on their AMP7 Business Plans.
In its final comments to the Competition and Markets Authority in the PR19 appeals inquiry, Ofwat has told the CMA that the latest stages of the process have seen the consumer voice “drowned out” with the submissions made to the CMA “increasingly…dominated by the well-resourced company and investor voice.”
Ofwat has told the Competition and Markets Authority that the submissions made to it in the current PR19 water companies’ appeals have ”increasingly been dominated by the well-resourced company and investor voice, on occasion to the exclusion of other perspectives.”
The House of Commons Public Accounts Committee is warning that time is running out for the Government toprogress its ambition to improve the natural environment "within a generation" and that it must “move on from aspirational words” and start “taking the hard decisions.”
- Ofwat – water companies make good progress on Board leadership, transparency and governance principles
- Ofwat appoints David Black as interim Chief Executive to replace Rachel Fletcher
- Ofwat consults on licence amendments and regulatory guidance for Havant Thicket reservoir
- Sustainability agreements: Competition & Markets Authority issues guidance for businesses
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Expert Focus
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Thames Water starts work on £20 million pipe upgrade in Islington February 13, 2024
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