ID:
policies-14
Name:
The Competition Act 1998
Issuing organisation:
UK Parliament
Geographical Scope:
England and Wales
Type:
Legistlation
Scientific domain:
chemistry
Type of water:
Water management focus:
Parameter change rate assumption:
Description:
The Competition Act 1998 prohibits any agreements between businesses that prevent, restrict or distort competition. It also prohibits any abuse of a dominant market position. Ofwat shares enforcement powers in relation to the water and sewerage sectors with the Competition and Markets Authority (CMA).
Status:
Effect Date:
Resource:
http://www.legislation.gov.uk/ukpga/1998/41/contents
Recommendations:
Prohibits anti-competitive agreements and abuse of market dominance, encouraging fair competition in sectors including water services.
