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Guardian
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New Water Commission must create an environmental enforcer that is feared
- An independent commission has been created to rectify the grossly inadequate regulation of water companies and their oversight.
- This new commission led by Sir Jon Cunliffe will focus on strengthening regulation, boosting investment and informing reform of the water sector.
- An enforcement body that is feared needs to be created to regulate the environmental aspect of the industry.
- The division of responsibilities between different industry regulators has not worked and a better whole-system regulator needs to be established.
- Water companies perform better on environmental reasons when listed on the stock exchange due to greater accountability and transparency.
- The settlement in 2004 was generous to water companies and led to an elevation of debt with limited enforcement of misconducts by Environment Agency.
- The new commission needs to prioritize the creation of an environmental enforcement body.
- Not-for-profit companies aren't the answer either, since Welsh Water has shown that environmental performance would not improve under such a company.
- The water industry needs to be prodded back to the stock market to improve financial performance, accountability, and transparency.
- The idea of nationalization of water companies has been ruled out as it doesn't offer a simple solution to the sector's problems.
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