Ofwat’s price cap regime does not balance risks appropriately between companies and consumers and is “not yet achieving the value for money that it should”, with customers failing to benefit from at least £800 million in net windfall gains between 2010 and 2015, according to a new report from the National Audit Office (NAO).

The Environment Agency (EA) is planning to fund a new series of flood and coastal skills undergraduate courses with an estimated value between £2 million to £5 million and is looking to partner with academic institutions.

Ofwat has launched a new consultation on a proposal to appoint Severn Trent Services as a sewerage undertake to replace Thames Water at a new Ministry of Defence site with 3,850 homes – the regulator has said it is “minded” to give the go-ahead.

Anglian Water has gone out to tender with an AMP6 IT services contract for Infrastructure and Application Development Framework which will run for eight years and is worth up to £100 million.

The Water Industry Commission for Scotland has today published a report on Scottish Water’s performance over the five year regulatory period 2010-15, together with its 2014-15 Performance Report for the final year of the 2010-15 regulatory period.

Quebec-headquartered CGI has been confirmed by Market Operator Services Ltd (MOSL) as the contractor who will design, build and operate the central market system to support the operation of the English water market when competition is introduced to non-household customers in April 2017.

Anglian Water Business (AWB) has emerged as the most competitive bidder for the £320 million contract to supply water services to Scotland’s public sector- the existing contract has been held by Scottish Water subsidiary Business Stream since 2011.