Policy paper: The UK Government has published as final the Strategic Policy Statement (SPS) for Ofwat.

The Strategic policy statement sets out the government’s priorities for Ofwat’s regulation of the water industry in England.

Ofwat must carry out its functions in accordance with this statement. This is set out in Section 2A of the Water Industry Act 1991 (as amended). The draft strategic policy statement (SPS) was laid in Parliament on 2 February 2022 and the statement is now published as final and will replace the previous SPS that was issued in 2017.

The published policy statement can be found here.