Member

The noble Lord, Lord Roborough, asked specifically about the timing and the PR24 price review. It is vital that water companies deliver the upgrades they have planned for PR24 from 1 April next year. These upgrades are essential to deliver outcomes for customers in the environment, and they include nine new reservoirs and up to 2,500 storm overflow upgrades. Neither the Water (Special Measures) Bill nor the commission will disrupt these planned upgrades. There is a measure in the Bill that will support the delivery of PR24, because the Bill will give regulators additional tools to hold water companies to account as they deliver the planned £88 billion of investment.