Water sector leaders have expressed concern that the next price control will represent an evolution of the current regulatory regime as opposed to the step change needed to ensure resilience against climate change. Senior industry figures have told Utility Week the regulatory system is “crying out for wholesale reform” to embed a genuinely long-term vision. However, there is scepticism as to whether this can be achieved before 2025 and growing fears that PR24 will be a "missed opportunity".
Is it already too late for PR24?
