Water regulator Ofwat is in the early stages of revealing a “new vision” for the water sector and its regulation beyond 2020.
Writing for Utility Week, Ofwat chief executive Rachel Fletcher said the regulator has been “thinking in-depth” about its role, and in “shaping the future of the water sector” in the 2020s and beyond.
“In the coming months, we’ll be thinking actively about where next for water regulation,” she said. “In addition to reaching out to water company CEOs, investors, government and communities, we’ll be engaging with the helpful recommendations put forward by parliament’s EFRA [Environment, Food and Rural Affairs] select committee last week.”
She added that Ofwat would be “participating actively” in the review Treasury has commissioned into water, energy and telecoms regulation.
“Water is a vital resource and is pivotal to all our lives,” she said. “That’s why we want everyone to be a part of shaping a new vision for its future.”