Ofwat
E549362
Ofwat is the economic regulator for the water and wastewater industry in England and Wales, overseeing companies’ performance, pricing, and service standards.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Ofwat canonical | 3 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
economic regulator
ⓘ
non-ministerial government department ⓘ regulatory agency ⓘ |
| aimsTo |
encourage efficient investment
ⓘ
ensure companies can finance their functions ⓘ secure value for money for customers ⓘ support environmental sustainability in water services ⓘ |
| collaboratesWith |
Drinking Water Inspectorate
NERFINISHED
ⓘ
Environment Agency NERFINISHED ⓘ UK Government Department for Environment, Food and Rural Affairs NERFINISHED ⓘ Welsh Government NERFINISHED ⓘ |
| country | United Kingdom ⓘ |
| focusArea |
affordability and support for vulnerable customers
ⓘ
customer service performance ⓘ investment in infrastructure ⓘ leakage reduction ⓘ network resilience ⓘ |
| hasPower |
collect and publish performance data
ⓘ
impose financial penalties ⓘ modify company licences ⓘ require undertakings from companies ⓘ |
| hasRole |
economic regulation of water companies
ⓘ
enforcing licence conditions ⓘ monitoring service standards ⓘ promoting competition where appropriate ⓘ promoting long-term affordability ⓘ promoting resilience of water services ⓘ protecting consumers ⓘ setting price controls ⓘ |
| jurisdiction |
England
ⓘ
Wales NERFINISHED ⓘ |
| language | English ⓘ |
| monitors |
company financial resilience
ⓘ
operational performance of water companies ⓘ |
| oversees |
companies’ performance
ⓘ
companies’ pricing ⓘ companies’ service standards ⓘ |
| publishes |
comparative performance reports
ⓘ
price review determinations ⓘ |
| regulatesIndustry |
wastewater industry
ⓘ
water industry ⓘ |
| regulatesSector |
water and sewerage companies
ⓘ
water and sewerage services ⓘ water-only companies ⓘ |
| regulatoryApproach |
outcomes-based regulation
ⓘ
periodic price reviews ⓘ price cap regulation ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.