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Regulation and Legislation

House-building 1The Government has set out plans to launches pilot water credits market scheme in Cambridge as part of its guidance to addressing water scarcity in Greater Cambridge.

OFWAT INNOVATION FUND CONSULTATION APPROACH FOR 2025-30 - MAR 2024Ofwat has launched a new consultation setting out its proposed approach for the innovation fund over the next price review period 2025-30.

THAMES WATER HQ READINGPressures are mounting on the Government to publish its contingency plans amidst growing concerns about Thames Water’s financial position, following a report in the Financial Times that the water company is lobbying the government and Ofwat to let it increase bills, pay dividends and face lower fines.

CMA LogoThe Competition and Markets Authority (CMA) is progressing work on its investigation into Pennon Group’s acquisition of Sutton and East Surrey Water which opened on 11 January 2024.

Southern Water dead fishSouthern Water has been fined £330,000 after raw sewage escaped into a stream near Southampton for what the company admitted could have been nearly 20 hours.

Environment Agency genericPhilip Duffy, Chief Executive, Environment Agency has told water companies that the increased water company inspections jointly announced with Defra will include a significant increase in in-depth audits of company assets.

GROWTH DUTY RESPONSE FEBRUARY 2024The Government has confirmed it intends to bring regulators Ofwat, Ofgem, and Ofcom and their regulatory functions into scope of the Growth Duty measure in early 2024.

Mendip Quarries solution schematicOfwat Chief Executive David Black has written to Wessex Water and South West Water to inform them that the Mendip Quarries strategic resource option (SRO) should continue to receive development funding for Gate three in the RAPID programme.

HOUSE OF COMMONS EFRA COMMITTEE LOGOThe House of Commons Environment, Food and Rural Affairs Committee has expressed "real concerns"  to Ofwat that its enforcement powers place it in a situation whereby "enforcing regulations and issuing fines against consistently failing entities" will place a further financial burden on the companies and increase the risk of corporate failure.

DEFRA ADDRESS PLATEThe Department for Environment, Food & Rural Affairs (Defra) has announced that water company inspections will more than quadruple as the Government cracks down on poor performing companies.

RAPID GATED PROCESS TIMELINERAPID has published its draft decision to allow further funding for the Fens Reservoir strategic regional water resource solution to progress to gate three.

House-building 1Beginning 12 February, all major housing developments will now be legally required to deliver at least a 10% benefit Biodiversity Net Gain.

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