The U.K. has published draft legislation to reform the water market. The new bill gives Ofwat new powers to create standard terms and conditions for potential new entrants. In addition, there are provisions to make it easier for businesses and public agencies to shop around for and switch sewer and water suppliers, and to enhance companies’ abilities to trade water in bulk. The hopes are that the new bill will encourage competition in the wholesale market for water.
The bill comes at a time when the U.K. is experiencing a drought and increased demand for water. The new rules are slated to be completed by April 2017.
Full content: Bloomberg
Related content: A Presentation on the Importance of a Competition Agency Providing Guidance: The U.K. Experience
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Turkey Hits Meta with $37.20 Million Fine Over Data-Sharing Practices
May 8, 2024 by
CPI
Google Seeks Dismissal of UK Suit Over Alleged Anti-Competitive Practices
May 8, 2024 by
CPI
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI