Water Act 2014 receives Royal Assent

Reform of the water market - the Water Act 2014
The Water Act 2014 received Royal Assent on 14 May 2014.
The purpose of the act is to:
•    reform the water industry to make it more innovative and responsive to customers and to increase the resilience of water supplies to natural hazards such as drought and floods
•    to bring forward measures to address the availability and affordability of insurance for those households at high flood risk and ensure a smooth transition to the free market over the longer term

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