Meaning of “Ofwat” in the English Dictionary

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"Ofwat" in Business English

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Ofwatnoun

uk /ˈɒfwɒt/ us

GOVERNMENT abbreviation for Water Services Regulation Authority: an official organization in the UK that checks whether water companies are obeying government rules:

Ofwat is expected to enforce tough new price controls on the water companies.

(Definition of “Ofwat” from the Cambridge Business English Dictionary © Cambridge University Press)