Title page
Contents
Summary 4
1. Water sector overview 6
1.1. Water companies and ownership 7
1.2. Regulation 10
1.3. Why is regulation needed? 11
1.4. Water bills 12
1.5. Investment 14
2. England and Wales 16
2.1. The price review process 16
2.2. PR24 18
3. Scotland 23
3.1. Scottish Water 23
3.2. The Strategic Review of Charges 24
4. Northern Ireland 25
4.1. Northern Ireland Water 25
4.2. Northern Ireland Price Review 26
4.3. Further reading 27
5. Performance and challenges 28
5.1. Company performance 28
5.2. Challenges 29
6. Is regulation fit for purpose? 35
6.1. A new approach to regulation 35
6.2. Long-term thinking and the five-year price review 36
7. Further reading 38
Table 1. An overview of the UK water sector 6