PR24 redetermination: what the CMA’s decision means for UK households and water regulation
In this special edition of Top of the Agenda, we’re diving into the UK water sector to explore the Competition and Markets Authority’s (CMA) final determinations: the PR 24 Redetermination process.
In England and Wales, the amount consumers pay for their water is regulated by the Office of Water Regulation (Ofwat). Five water companies: Anglian, Northumbrian, South East, Southern and Wessex disputed the price control decisions made by Ofwat in December 2024 and exercised their statutory right to ask the CMA to reconsider. The CMA has now delivered its verdict.
Helen Jenkins is joined by four members of Oxera’s water team—Partner Christopher Davis and Managing Consultants Charles Blake, Daniel Brown, and Joseph Duffy—to unpack what the CMA decided, why it matters to UK households, and what it signals for the future of water regulation.
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