Whither Water Regulation?

In D.R.Helm (ed.), Water, Sustainability and Regulation, published by The Oxera Press, August 2003, pp. 1-12. As the water industry and its regulators prepare for the next round of price setting, there is an opportunity to set out a stable regulatory regime which will consolidate the achievements since privatisation, and provide
for the continuation of a largely equity-based industry. Alternatively, the periodic review may reinforce the trend towards even greater debt, and accelerate the flight from equity, and, with it, bring an effective end to incentive-based regulation.

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