Ofwat examines potential for competition in the water market

More competition in the residential water market could be worth billions of pounds and lead to better service, according to the country's water regulator. The Water Services Regulation Authority (Ofwat) has published a report, requested by the Government, on the costs and benefits of opening England's residential retail water market up to competition. In its report, Ofwat said there would be initial "significant" costs of setting up a new market, which would likely fall to companies and cus