Ofwat is the economic regulator for the water and wastewater sectors in England and Wales. Its main role is to ensure that water companies provide safe, reliable, and affordable services to customers while protecting the environment. Ofwat sets price limits and monitors the performance of these companies to ensure they meet regulatory standards. Established in 1989, Ofwat aims to promote competition and innovation within the water industry. It works to ensure that companies invest in infrastructure and improve services, ultimately benefiting consumers and the environment. By holding water companies accountable, Ofwat helps maintain public trust in the water supply system.