You may be wondering how the price of your water is calculated from the beginning, and who controls the market. Even with deregulation, a regulator has been placed to ensure that businesses continue to get a fair deal on their water rates.
The market in the UK is controlled by three organisations:
Ofwat - the most recognisable name out of the three, they are the economic regulator and licencing authority.
Defra - stands for the Department for the Environment, Food, and Rural Affairs.
MOSL - is the market operator and ensures the market remains easy to understand and efficient.
For Scotland, the Water Industry Commission for Scotland (WICS) manages the market.