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Making the U.K. Water Industry More Competitive, Integrated and Innovative: The Water Act 2014

Making the U.K. Water Industry More Competitive, Integrated and Innovative: The Water Act 2014

This IDC Energy Insights Perspective illustrates the main features of the U.K.'s Water Act 2014, which amends the Water Industry Act 1991, introducing some of the most significant changes to the industry's functioning and regulation since privatization in 1989.

The measures introduced are designed to reform the U.K. water industry while maintaining a stable regulatory environment, making it more competitive, integrated, innovative, and responsive to customers, and increasing the resilience of water supplies to natural hazards such as drought and floods.

Please Note: Extended description available upon request.


In This Perspective
Background
Review of Industry Regulation
The Water Act 2014
Full Opening of Competition in the Non-Household Retail Market and Creation of a Single Retail Market across England, Scotland and Wales
Modification of the Licensing Regime and Facilitation of Mergers in the Industry
Facilitation of Bulk Supply and Sewage Connections and New Charging Regulations
Exit from the Non-Household Retail Market
New Duties for the Regulator, Including Ensuring the Industry's Resilience
Other Major Measures: Streamlined Permitting and Abstraction Reform
Implications for Water Companies
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