Friday, 11 February 2011

Deloitte questions benefits of UK water competition

Current plans to introduce retail competition into the UK water sector will add £60 to annual non-household bills for little medium-term benefit, Deloitte warned industry regulators and investors this week.

A report from the business advisory firm said the proposals would not deliver the same gains in the water industry as retail competition had in the telecoms, gas and electricity sectors for three reasons: their lack of focus on well-identified and significant cost inefficiencies; their limited scope (proposals do not currently include domestic customers); and the absence of upstream competition in the sector.

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