10354 (2024). Hon Kieran McAnulty to the Minister of Local Government
Written Question
Published date: 22 May 2024
10354 (2024). Hon Kieran McAnulty to the Minister of Local Government: How will the Government’s upcoming economic regulation ensure that Watercare can operate efficiently over the long term?
Hon Simeon Brown: Economic regulation is a key feature of Local Water Done Well. It is intended to ensure consumers pay efficient, fair prices for water services, that those services are delivered to an acceptable quality and that water services providers are investing sufficiently in their infrastructure. I expect to provide further details about this aspect of Local Water Done Well early in the second half of this calendar year.
In the interim, the Government will be appointing a Crown Monitor to ensure that consumer interests are protected and the entity is well-managed as Watercare gains greater financial independence. Further details will be included in legislation to be introduced later this month.