Ofwat review hailed as "golden opportunity"

The government’s review of water regulator Ofwat has been hailed as a “golden opportunity” to make important changes to the sector. The Environmental Industries Commission says that Defra’s review rightly […]

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By Vicky Ellis

The government’s review of water regulator Ofwat has been hailed as a “golden opportunity” to make important changes to the sector. The Environmental Industries Commission says that Defra’s review rightly pointed out the current framework contributes to inefficiency in the sector.

The trade body, which represents the main environmental sectors including climate change, water and waste, said a “cyclical pattern of investment” had a knock on effect of boom and bust which ultimately leads to higher bills for consumers.

Adrian Wilkes, EIC’s Executive Chair said: “The industry now requires actions not rhetoric. The forthcoming Water White Paper is a vital opportunity to make a real, tangible difference, and to implement the reform the industry so desperately needs to retain is future competitiveness – to boost skills retention, boost green jobs, and boost Britain’s ability to compete, and export its knowledge base, internationally.”

He added: “EIC is resolved to continue working closely with the Government and others to ensure this golden opportunity is not missed. If it is, we will be rueing it for the next decade and more.”