Question to the Department for Environment, Food and Rural Affairs:
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment the Department has made of customers funding, through Ofwat's asset health adjustments, the renewal of assets in poor or very poor condition, and whether those costs should instead fall on shareholders.
The water industry provides critical services that the public and our economy depend on every day. Our reforms will shift the system to one where assets are properly maintained in order to be more resilient to shocks. Allowed revenues via the PR24 cost change process are scrutinised and approved by Ofwat.