A National Audit Office report has found that the regulators of Britain's privatised utility companies are succeeding in delivering lower prices and increased efficiency for consumers.

Forum Response: South East Water

Margaret Devlin, managing director of South East Water, told ePolitix.com: "We at South East Water concur with the findings of the report that the current system of regulation does need to be refined and that any form of regulation should encourage innovation and sustainability.

"It was therefore somewhat disappointing that whilst the report identified problems with the regulatory system it did not provide or suggest any form of remedy for addressing these problems, for example how can predictability and certainty be achieved in the regulatory regime?"