Water Companies: Financial Resilience Debate
Full Debate: Read Full DebateDepartment: Department for Environment, Food and Rural Affairs
Earl Attlee
Main Page: Earl Attlee (Conservative - Excepted Hereditary)Department Debates - View all Earl Attlee's debates with the Department for Environment, Food and Rural Affairs
(3 months, 4 weeks ago)
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Baroness Hayman of Ullock (Lab)
As the noble Lord quite rightly says, Ofwat has set out a record £88 billion upgrade so that we can deliver the cleaner rivers and seas, and better services for customers, that we need. It is absolutely not right that the public should pay the price for years of mismanagement in the water sector. Any water bill rises are the result of these years of failure, but it is important that we do not put too much on to vulnerable customers, so officials are exploring options for improving affordability measures in the sector.
Baroness Hayman of Ullock (Lab)
At the moment we are working closely with the regulators, including Ofwat, to ensure that they are fit for purpose and can deliver what is needed in the sector.