Ofwat has launched a new consultation on its proposal to introduce a licence condition to improve asset management maturity of water companies.
Launching the consultation, Ofwat said it wants to encourage companies to improve their approaches to strategic planning, decision making and operations in order to extract the most value out of their assets, . In the regulator’s view advancing asset management within the water sector will promote optimised decision making, driving sustainable performance and outcomes.
Ofwat is proposing to establish a new regulatory basis to drive companies to better understand and improve their asset management maturity in the form of a dedicated condition in the licence for each water company in England and Wales.
In addition to the new condition, the regulator is also consulting on the removal of the existing Condition L.
Comments on Ofwat’s proposed asset management maturity licence condition should be sent via email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it or in writing to: Asset Management Maturity Licence Condition Consultation response Ofwat Centre City Tower 7 Hill Street Birmingham B5 4UA
Closing date for receiving comments is Friday 5 September 2025. Click here to download the consultation document
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