Ofwat has fleshed out its plans for incentivising water companies to achieve net zero emissions as part of the next price review for the sector. Responding to an open letter to regulators from business and energy secretary Kwasi Kwarteng stating the government's strategic priorities for utilities, Ofwat explained how its regulatory framework will complement the UK's net zero target and interim carbon budgets by reducing both operational and embedded emissions.
Ofwat sets out PR24 decarbonisation aims
