Green light for Cambridge Water merger
THE Competition Commission has, as expected, given the green light to the merger between South Staffordshire Water and Cambridge Water, which supplies 310,000 people, including residents of much of east Huntingdonshire.
In line with its preliminary findings published in April, the commission found that the merger would not significantly prejudice the water regulator Ofwat’s ability to make comparisons between water companies.
During the enquiry, the commission commended Cambridge Water for its customer service and innovative approach to water supply.
South Staffordshire has already made a commitment to continue to deliver these high standards of service to Cambridge Water’s customers by maintaining the appropriate level of local management and staff.
Cambridge Water and South Staffordshire Water have the second and third lowest charges respectively in England and Wales.
Cambridge Water’s managing director, Stephen Kay said: “I am pleased that this period of uncertainty has come to an end. We can now continue to provide a high-quality local personal service while working with our new colleagues at South Staffordshire Water to share best practice and improve the resilience of both companies.”
A spokesman said there would be no effect on customers. Anglian Water will continue to supply sewerage services.