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White Paper on Reform of Water Markets Published
This water whitepaper has been published by the UK Department for Environment, Food and Rural Affairs (DEFRA) which outlines wide-ranging proposals to reform the water industry.
The paper sets out DEFRA's conclusions on a series of reviews carried out which made a number of recommendations for reform, including the Walker Review on charging for household water and sewerage services.
It also outlines the Cave Review on competition and innovation in the water sector, plus DEFRA's independent review of Ofwat led by David Gray.
The ministry plans to introduce a number of deregulatory legislative changes to make competition in the water sector work more effectively.
The Federal Government is expected to publish a draft water bill in early 2012.