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OFWAT Set To Create Fairer Market

In a move which has surprised many people, OFWAT (the water industry regulator) has announced plans to open up the UK water market and offer consumers the same choice as those in the electricity and gas markets. The hope is that by introducing more competition to the sector we should see an improvement in the quality of service. What has brought on the proposed change?

Many people may be unaware but the chance to change water supplier has been an option for some of the larger water users in the UK for two years, but not one of the 2,200 eligible businesses has actually changed supplier. It is hoped that a formal opening of the market (an affective dispersal of the current monopoly system) will ensure that investment hits the right place â€" including the environmental impact and improved leakage repair.

Water rates in the UK have been steadily rising for a number of years and while we should have more than enough water to fulfil our requirements we seem to encounter regular droughts. The droughts are often down to the older water pipes in the UK and major leakage which has taken far too long to fix.

One note of warning, the change to a more open market will not happen over night and the existing water companies will do their upmost to ensure that it is delayed as long as possible.

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