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U.K. Publishes Draft Law to Spur Water Competition, Investment

U.K. Minister David Cameron’s government published a draft bill to make it easier for water users in England to switch suppliers and save consumers as much as 2 billion pounds ($3.1 billion) over the next three decades.

The proposed rules give the water regulator Ofwat new powers over the industry and allow businesses and public agencies to change sewer and water suppliers. The government also plans to make it easier for companies to trade water in bulk, helping unlock supplies during a drought.