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Regulation and Legislation

HOUSE OF COMMONS Parliamentlive TVThe House of Lords Industry and Regulators Committee will continue its inquiry on the work of Ofwat, the UK’s water regulator, by taking evidence from Environment Agency CEO Sir James Bevan and the Agency’s Chair, Alan Lovell, from 10.30am on Tuesday 11 October.

OFWAT LOGOAileen Armstrong, Senior Director, Company Performance and Price Controls at Ofwat, is warning that current concerns and headlines in the media about the UK water sector are not going to go away without real change and that the pressure is only going to intensify over the coming months.

DEFRA ADDRESS PLATEEnvironment Secretary Ranil Jayawardena MP has announced that he will bring forward proposals to raise the civil penalty for water companies who pollute the environment by 1,000-fold - from £250,000 to up to £250 million.

OFWAT LOGOWater sector regulator Ofwat has today announced that most water companies will be hit by financial penalties because of missed targets - overall, almost £150 million in total will be taken off customers' bills in the next financial year at 11 companies.

CMA LogoThe Competition and Markets Authority has just announced that it is investigating the anticipated acquisition by the overseas investors consortium of Macquarie Infrastructure and Real Assets (Europe) Ltd and British Columbia Investment Management Corporation of a 60% shareholding in the gas transmission and gas metering business of National Grid Gas plc.

OFWAT LOGOOfwat has launched a new consultation on proposals for water companies to trial creative and targeted ways in calculating customers’ charges to help make sure those who need support can get it.

OFWAT CMEX DMEX PERFORMANCE METRIC 1 The latest leaderboard rankings published today by Ofwat for customer satisfaction and experience for water and wastewater companies for 2021-22 has shown a fall in service levels for household customers.

 MOSL LOGOBusiness retail water sector operator MOSL has flagged up gaps in Ofwat’s draft methodology for the the upcoming Price Review in 2024 – MOSL described the current regulatory framework as “weighted heavily towards households.”

CMA LogoThe Competition and Markets Authority (CMA) has required Veolia to sell 3 businesses after an in-depth merger investigation concluded the merger with Suez gives rise to competition concerns in a number of markets, including 2 water treatment markets.

OFWAT DPC PR24 GUIDANCEOfwat has published new guidance setting out its expectation for water companies in England and Wales to deliver all projects worth £200 million-plus via Direct Procurement for Customers (DPC) in their business plans for the 2024 Price Review.

BATHROOM WASHING MACHINE SHOWER ETC 1The Department for Environment, Food & Rural Affairs has launched a 12-week consultation on proposals for new water efficiency labelling to protect water supplies and cut energy bills.

OFWAT REPORT ON ENVIRONMENTAL INCENTIVES FOR DEVELOPERS  SEPT 2022Following on from its conclusions on developer charges and incentives in October 2021, Ofwat has now published a review of the environmental incentives water companies offer to developers to support more water efficient new homes.

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