Ofwat: We recognise real transformation comes at a cost

The Ofwat director heading up PR24 has urged water companies to put forward bold solutions in the next price control but emphasised these must be set in a long-term context. Aileen Armstrong, senior director at the regulator, stressed the need to look beyond heavy infrastructure as the answer to all problems but accepted that this would come at a cost. She said she expected companies to look at spreading these costs over current and future generations.

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