Reforms are needed within the water market

The Daily Telegraph features a new IEA Report

Sir Ian Byatt, a former head of Ofwat, called for a price cap to keep rises in water bills at inflation or below.

And he said reforms were needed to encourage more choice and more trading within the water market in England and Wales, to ensure that they do not face significant water shortages in the future.

Mechanisms such as water trading and abstraction-right trading, together with incentives to take a long-term view when taking investment decisions, can help alleviate water shortages, reducing the use of hosepipe bans and ensuring supplies reach parts of the country where they are most scarce, he said.

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