Member

As drafted, the Bill grants very broad powers to Ofwat to make rules relating to pay and governance without parliamentary approval. We feel that this gives too much power, without appropriate checks and balances, to Ofwat, which has not always been successful as a regulator. We would like to see more accountability given to this House regarding the rules and their implementation. For example, the 2023 Industry and Regulators Committee report into the regulation of the water sector found that Ofwat had