Water Companies: Assets
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment she has made of the potential impact of requiring water companies to demonstrate efficient land asset management before price increases are approved on customers.
Answered by Emma Hardy
Water bills are set by Ofwat who consider all aspects of company business planning through their price review process. The Government is preparing to respond to the recommendations of the Independent Water Commission, including on asset management. Reforms outlined in the government's forthcoming white paper will form the basis of a new water reform bill to be introduced early in this Parliament.
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