Ofwat has launched a consultation on its proposals to release Thames Water from binding commitments and undertaking resulting from the competition investigation it opened in June 2019 after allegations that the water company was abusing its dominant position to harm competition in the business retail market.

UK consumers have saved an estimated £8 billion over the last 3 years from action taken by the Competition and Markets Authority (CMA) to protect competition and stamp out unfair practices.

Water industry regulator Ofwat has published new guidance on its approach to the application of both UK and European Union competition law to the water and wastewater sector in England and Wales, replacing previous guidance on the issues.

The Competition and Markets Authority (CMA) has issued a final decision imposing fines totalling more than £2.7 million on a number of water tank firms for a cartel to share the market by dividing customers among themselves, to fix prices of tanks and to rig bids for contracts between 2005 and 2012.