PN 05/12 Ofwat welcomes essential reforms

10 July 2012:

Ofwat today welcomed the publication of the Draft Water Bill as good for water customers, the economy, and the environment.

Commenting in Defra’s press release announcing the details of the Draft Bill, Regina Finn, Ofwat’s Chief Executive said:

“This Bill is good for the customer, the economy and the environment. As well as, for the first time, giving choice to 1.2 million businesses and other organisations, the Bill is expected to benefit the economy by almost £2 billion. The reforms will help the country become better at valuing, managing and using our water. Now is the time for all players to step up to the plate to deliver the vision of the Bill – including the industry, regulators, consumer bodies and Government.”

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  1. Ofwat (The Water Services Regulation Authority) is the economic regulator of the water and sewerage sectors in England and Wales. It exercises its powers in a way that it judges will protect the interests of consumers, promote value and safeguard future water and sewerage services by allowing efficient companies to carry out their functions properly, and finance them.
  2. Media enquiries to Ofwat Press Office on: Benedict Fisher 0121 644 7642 / [email protected]
    Harbinder Babra 0121 644 7616 / [email protected]
    Simon Markall 0121 644 7696 / [email protected]