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Regulation and Legislation

RAPID ANNUAL PROGRESS REVIEW JULY 2023The Ofwat-led Regulators’ Alliance for Progressing Infrastructure Development (RAPID) has acknowledged that there are areas where it needs to improve its performance, following feedback from stakeholders in its annual stakeholder survey for 2021- 2022.

house of commonsThe House of Commons Environmental Audit Committee has launched a new inquiry into the current and potential future role of natural capital in the green economy, and the Government’s proposals to increase private investment in measures to support nature recovery.

BATHROOM WASHING MACHINE SHOWER ETC 1Ofwat has launched a new consultation on its proposals to develop a new £100 million fund to help save water - the water efficiency fund was confirmed in the final methodology for the 2024 price review.

OFWAT LOGOOfwat has launched a consultation on new guidance for water companies setting out how they should support their customers who require extra help in accessing water services.

OFWAT LOGOOfwat has made three senior director appointments to strengthen its senior leadership team.

David Black2 1David Black, Chief Executive of water sector regulator Ofwat, has described Thames Water as a company with “deep-rooted problems of persistent poor performance and too much debt.”

DEFRA ADDRESS PLATEOfwat has confirmed that the Secretary of State for Environment, Food and Rural Affairs has appointed Chris Walters as an executive member to Ofwat’s Board, following consultation with the Welsh Government.

CMA ANN REPORT  ACCOUNTS 2022-23 350UK 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.

BANK NOTES STERLING Ofwat has allowed Portsmouth Water to maintain one Issuer Credit Rating with a single credit ratings agency rather than two – only 10 days after the water company requested the change and less than three months after the licence requirement for two came into effect.

Parliamentary TV 1The House of Lords Industry and Regulators Committee will continue its follow-up inquiry on the water industry, Ofwat and the role of the Government by taking evidence from Defra Minister, Rebecca Pow MP from 10.30am tomorrow.

OFWAT LOGOOfwat has launched a new consultation on proposed changes to the measures of customer experience performance commitments at PR24.

Environment Agency genericEnvironment Agency Chair Alan Lovell has described the performance of many of the 9 English water and sewerage companies for 2022 as "very disappointing with minimal improvement in star ratings compared to 2021.". 

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