Utilities: Regulation

Department for Business, Energy and Industrial Strategy written question – answered on 10th July 2018.

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Photo of Kate Hollern Kate Hollern Shadow Minister (Housing, Communities and Local Government)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for the Government's policies on the regulation of privatised utilities of the report by Ofwat entitled Putting the sector back in balance – summary of Ofwat’s decision on issues for PR19 business plans, published on 3 July 2018; and if he will make a statement.

Photo of Andrew Griffiths Andrew Griffiths Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Economic regulators are statutorily independent. It is for regulators to decide how to regulate the companies in the sectors for which they are responsible, in line with their duties. The Government is fully committed to a model of private ownership with strong independent economic regulation.

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