Detail
Ofwat has written to water company CEOs challenging them to step up their efforts to support effective markets. Following Ofwat's review of incumbent company support for effective markets (project RISE), Ofwat remains of the view that, despite some improvements, water companies can still do more to support effective markets. The letter to company CEOs highlights some important initiatives in the business retail and developer services markets and sets out Ofwat's expectation that incumbent companies fully support these. The letter also: sets out recent positive examples of incumbent companies stepping up their efforts to support effective markets; and highlights additional areas where Ofwat expects to see further support, including as companies begin to prepare their business plans for PR24.