Summary
A major review of the water industry in England and Wales suggests significant changes, including the removal of the current regulator, Ofwat. The review highlights the need for extensive investment to address issues like leaks and outdated systems, with water bills expected to increase by 30% over the next five years to fund these improvements.
Key Facts
- The review recommends 88 changes to the water industry in England and Wales.
- The current regulator, Ofwat, might be replaced under the new proposals.
- Issues in the industry include leaking pipes, sewage spills, and underinvestment.
- Water companies plan to invest over £100 billion to improve systems in the next five years.
- To support this investment, water bills could rise by 30%.
- Key challenges highlighted include climate change and replacing old infrastructure.
- The report suggests that past efforts focused more on keeping bills low rather than investing in infrastructure.
