The Independent Water Commission's final report calls for the scrapping of Ofwat in favor of a more powerful single regulator to restore trust in the water industry. The review highlights the fragmented and overlapping nature of the current regulatory system. It suggests that the roles of the Environment Agency and Natural England should also be removed from water regulation. The report emphasizes the need for thorough reforms to better manage the sector, especially against a backdrop of previous failures and criticisms related to shareholder payouts and infrastructure deterioration.
The Independent Water Commission's final report recommends scrapping Ofwat and replacing it with a powerful regulator to restore trust and address the fragmented water industry.
Led by Sir Jon Cunliffe, the report advises the removal of regulatory roles from the Environment Agency and Natural England to improve accountability in the water sector.
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