Source · Select Committees · Environmental Audit Committee
Recommendation 71
71
Paragraph: 350
Ofwat’s economic regulation of the sector through previous price reviews does not appear to have...
Recommendation
Ofwat’s economic regulation of the sector through previous price reviews does not appear to have given sufficient priority to the preservation of natural capital. We recommend that, when it publishes its review methodology in 2022, Ofwat set out how it intends to reflect natural capital fully in its economic regulatory decisions for Price Review 24. PR24 must encourage water companies to make a substantial increase in their investment in nature-based solutions, so as to improve the quality of effluent being discharged from sewage treatment plants.
Paragraph Reference:
350
Government Response
A response document is linked to this report, dated 16 May 2022. Response attribution to this recommendation has not been verified. Read the response document ↗