U.K. Plans Draft Law to Spur Water Competition, Investment
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Prime Minister David Cameron’s administration promised draft legislation this year that would spur competition in the water industry and encourage investment needed to keep supplies flowing as the U.K. climate becomes drier.
The rules would give the country’s water regulator Ofwat new powers over the industry and make it easier for businesses and public sector bodies to switch water and sewer suppliers, according to documents released by the government today. It would also increase opportunities for companies to invest in the industry and unlock supplies for periods of drought.