As part of its response to Ofwat’s Draft Determinations, Water UK commissioned Oxera, an economics and finance consultancy, to engage with 30 major investors in the England and Wales water sector to understand their views on the sector and its regulatory framework. This report summarises the views expressed by these investors.
Among the key findings
- Investors argued that a number of Ofwat’s PR24 policies did not appropriately reflect the broader market context, making the water sector less attractive as an investment proposition.
- Nearly every investor we interviewed indicated that risk levels in the water sector were either ‘high’ or ‘very high’
Read the PR24 Investor Engagement Report
Credit: Suzy Hazelwood