- Water Services Regulation Authority
The Water Services Regulation Authority (Ofwat) is the body responsible for economic regulation of the privatised
waterand sewerage industry in Englandand Wales.
Ofwat is primarily responsible for setting limits on the prices charged for water and sewerage services, taking into account proposed capital investment schemes (such as building new wastewater treatment works) and expected operational efficiency gains. The most recent review was carried out in
2004; reviews are carried out every five years, and thus the next will take place in 2009.
Ofwat consists of a board, plus an office of staff which carries out work delegated to them by the board. The current board consists of:
Philip Fletcher- Chairman
Regina Finn- Chief Executive
Penny Boys- Non-Executive Director
Peter Bucks- Non-Executive Director
Jane May- Non-Executive Director
Michael Brooker (Ofwat)- Non-Executive Director
Gillian Owen- Non-Executive Director
Keith Mason (Ofwat)- Executive Director
Melinda Acutt- Executive Director
Environment Agencyis responsible for environmental regulation, and the Drinking Water Inspectoratefor regulating drinking water quality.
The water industry regulator in
Scotlandis the "Water Industry Commission for Scotland".
Ofwat was set up in
1989at the time when the 10 Water Authorities in England and Wales were privatised by flotation on the stock market. The resulting companies are known as "the water and sewerage companies"; this distinguishes them from around a dozen smaller companies which only provide water services, which were already in private hands in 1989 (having remained in private ownership since their creation in the nineteenth century). The water only companies provide water to around 25% of the population in England and Wales.
Before 1 April 2006, all regulatory powers rested with the Director General of Water Services. The staff who supported the role of the Director General were collectively known as the "Office of Water Services", which was abbreviated to "Ofwat".
Ian Byattwas the Director General between 1989 and 2000; Philip Fletcher, the current chairman, was Director General until 2006.
On 1 April 2006, the Director General was replaced by the Water Services Regulation Authority. The name "Office of Water Services" is no longer used, as it had no legal basis. The name "Ofwat" is still used.
* [http://www.wsra.gov.uk/ Water Services Regulation Authority website]
List of United Kingdom water companies
Wikimedia Foundation. 2010.
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