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Published

25th April 2025

Knowledge Type

Report

Organisation

, National Audit Office

Regulating For Investment And Outcomes In The Water Sector

This NAO report examines the effectiveness of the regulatory regime in delivering long-term objectives, incentivising operational performance improvements, and attracting the investment needed to meet the government’s specified outcomes.

This report covers the following:

  • Part One sets out the challenges the sector and the regulators currently face to improve performance and consumer trust.
  • Part Two assesses how the regulatory framework identifies, plans for and delivers long-term objectives.
  • Part Three assesses how the regulatory framework incentivises the operational and financial performance of water companies in the short term and consequences for how attractive the sector is to investors.