A new vision for the sector and a new strategy for Ofwat Carys Goodwin and Richard Collard Trust in water 1
Who are Ofwat? Independent economic regulator of the water and sewerage sectors in England and Wales We have defined duties and responsibilities set out in legislation. Our main statutory duties are: • to protect consumers • enable efficient, well-run companies to finance their functions • ensure long-term resilience We work within the framework of published Government policy, including any specific social and environmental guidance to us We regulate licensed water and sewerage companies, including 11 regional monopoly companies, 6 local water only monopoly companies, a number of new appointees and growing number of retail licensees Trust in water 2
Why we need a vision and strategy Trust in water 3
Shared vision for the sector Trust in water 4
Strategy on a page Trust in water 5
Driving transformational change We can be more proactive in achieving resilience while keeping water affordable and improving the environment by: • enabling adoption of innovative approaches • encouraging affordable solutions for the environment • maturing companies relationships with customers • turning information into insight • encouraging affordable solutions for the environment Trust in water 6
Innovation Trust in water 7
Environment Trust in water 8
How to get involved? We want to work collaboratively with the sector and would appreciate your input into both the vision and strategy. We have a website where you can share your views, or you can get in touch by email. ofwat.gov.uk/vision-waterstories/ofwats-strategy/ e: Richard.Collard@Ofwat.gov.uk; Carys.Goodwin@Ofwat.gov.uk Trust in water 9
Thank you and questions www.ofwat.gov.uk Twitter.com/Ofwat Trust in water 10
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