Ofwat has said it will “carefully consider the thoughts of the PAC”, following publication of the House Of Commons Public Accounts Committee report which said over-estimating by the water regulator had led to the water companies making at least £1.2 billion in windfall gains over the last five years.
A report by the influential House of Commons Public Accounts Committee has strongly criticised Ofwat for consistently over-estimating water companies’ costs which led to £1.2 billion in windfall gains - saying “these and other concerns..represent significant and pressing challenges for Ofwat.”
The government has launched a new consultation on the governance, structure and operation of the National Infrastructure Commission.
Ofwat has launched a new consultation on changes to Instruments of Appointment and Water Supply Licences for the opening of the non-household retail market in 2017.
Water sector regulator Ofwat is looking to further strengthen its Senior Leadership team via the creation of four new Senior Director roles.
Ofwat has said that the scale of potential cost savings available from greater interconnection is around £914 million (2012-13 prices) compared to the cost of the schemes proposed in water companies’ 2014 Water Resource Management Plans.
The UK Regulators Network has today published its annual reporting guidance document for infrastructure operators.
Cathryn Ross, Chief Executive of Ofwat, has reassured water company Chief Executives that Ofwat’s work on assessing the benefits of extending competition to domestic customers in England will not compromise the timescales for non-household retail market opening and its work on the policy framework and methodology for PR19.
New proposals by Ofwat look set to usher even more competition into the UK water sector, including plans to open up the market for increased water trading, energy generation from sewage sludge and more direct procurement of large-scale infrastructure investments like the Thames Tideway Tunnel.
The Competition and Markets Authority has used new power to highlight competition issues on the Energy Bill - the first use by the CMA of its power to make and publish written recommendations to ministers on the impact of proposals for Westminster legislation on competition.
Ofwat has launched a new consultation on protecting customers in the non-household retail market through the introduction of a new Customer Protection Code of Practice.
Market Operator Services Ltd (MOSL), the private company owned by market participants set up to faciltate the opening of the retail market for non-household competition in 2017, has outlined its proposals for the Shadow Market which is due to go live next year.
South West Water has hosted the first municipal trial of the Fournier Rotary Press in the UK, assessing its potential to improve sludge dewatering performance and support future biosolids standards.
Uniwater has acquired Hy-Ram Engineering, a specialist in tooling, products and hire for the water sector, based in Mansfield, England.
Enpure Ltd and Clean TeQ Water Ltd have announced a collaboration agreement to bring Clean TeQ Water's Moving Bed Ion Exchange-based nutrient removal technologies to water utilities across the UK.
Near-real-time microbial monitoring of wastewater discharge and bathing waters is now possible thanks to the BactoSense ID solution created by Swiss-based bNovate Technologies.