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Dŵr Cymru Welsh Water is a not-for-profit company which supplies drinking water and wastewater services to most of Wales and parts of western England that border Wales. In total, it serves around 1.4 million households and businesses and over three million people - and supplies nearly 830 million litres (180 million imperial gallons) of drinking water per day.
Cardiff Corporation Waterworks ceased to exist from 1 April 1974, and its assets passed to the Welsh National Water Development Authority, subsequently becoming the Welsh Water Authority. [39] Further change occurred in 1989, when the water supply and sewerage functions were privatised by the Water Act 1989 , while the land drainage, fishery ...
However, government regulators also cut back on investments. While the industry became profitable, the rate of return on assets based on replacement cost values remained low at less than 2%. As part of the attempt to commercialise the service providers, the Water Act 1983 reduced the number of board members of the water authorities. However, it ...
It launched its payment services platform, which operated under the trade name of "Eurowag", in 2000. [6] As of May 2021, the company was owned 59.1% by Vohánka and 32.7% by TA Associates. [7] The company was the subject of an initial public offering on the London Stock Exchange in October 2021.
An asset management plan (AMP) period is a five-year time period used in the English and Welsh water industry. It is used by the Water Services Regulation Authority to set allowable price increases for the privately owned water companies and for the assessment of many key performance indicators such as water quality and customer service. The ...
Dŵr Cymru Welsh Water is a not-for-profit company which supplies drinking water and wastewater services to most of Wales and parts of western England that border Wales. In total, it serves around 1.4 million households and businesses and around three million people - and supplies nearly 830 million litres (180 million gallons) of drinking ...
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The Water Services Regulation Authority, or Ofwat, is the body responsible for economic regulation of the privatised water and sewerage industry in England and Wales.Ofwat's main statutory duties include protecting the interests of consumers, securing the long-term resilience of water supply and wastewater systems, and ensuring that companies carry out their functions and are able to finance them.