Stop water rate hikes — hold investors & Directors accountable

We can only accept petitions about things the Government or Parliament are directly responsible for. Decisions about price controls for water are a matter for Ofwat, not the UK Government or Parliament. Under the Water Industry Act 1991, Ofwat has a statutory duty to make sure that companies are able to finance the proper carrying out of their functions. In setting price controls Ofwat's aim is to allow for a return on capital that is no more than necessary for an efficiently run company to get the funding they need, and that ensures customers only pay for a reasonable level of financing costs. You can find out more about Ofwat's price controls here: https://www.ofwat.gov.uk/regulated-companies/price-review/ You may also wish to sign this petition which calls for the same action: Abolish and replace Ofwat, and new legislation on investment in the water system https://petition.parliament.uk/petitions/710667