Ofwat softens its stance on competition
- From: Vol 11, Issue 8 (August 2010)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Ofwat
The economic regulator looks to have bowed to the demands of debt investors by adopting a less aggressive position on competition in the water sector. Was the concept always destined to fall at first base?
The need to maintain bond market appetite for UK water company debt looks set to thwart Ofwat’s plans to introduce more competition into the sector over the next decade.
The industry regulator has been keen to push through key recommendations from the Cave review, which asserted in April 2009 that competition would improve efficiency in the industry. Despite this ...
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