Water regulator Ofwat could be abolished over sewage scandal as firms push for bill hikes of up to 84% Thames Water has asked to hike bills by 54% Evening Standard · Oct 22, 2024
Starmer’s bid to fix broken water industry after series of sewage scandals Campaigners are angry that Labour will not consider renationalising water companies The Independent UK · Oct 22, 2024
Water sector review could include replacing Ofwat amid row over bills and sewage The UK and Welsh governments announced an independent commission to review the industry and its regulation. The Independent UK · Oct 22, 2024
Water companies ask to raise bills by even more than first planned Southern Water, Thames Water and others demanded steeper increases than set out earlier this year despite regulator Ofwat trying to reduce rises. Evening Standard · Oct 22, 2024
Water companies push for higher bills again as customers face up to 84% hike Utilities including beleaguered Thames Water have applied to the regulator, Ofwat, to hike tariffs so they can upgrade their networks The Independent UK · Oct 22, 2024
Water companies raise bonuses to £9.1m despite record sewage discharges Third of total comprises bonuses at Severn Trent as indebted Thames nearly doubles payouts to executives The Guardian - UK · Oct 20, 2024
Water firms ‘laying groundwork’ to appeal against Ofwat bill rise cap, says Moody’s Credit rating agency expects English and Welsh companies to challenge regulator’s ruling with CMA watchdog The Guardian - UK · Oct 15, 2024
Top-rated UK water firms ‘dumped 1,374 illegal spills into rivers’ Exclusive: United Utilities and Severn Trent had four-star environment ranking but discharges breached permits, campaign group says The Guardian - UK · Oct 13, 2024
Don’t indulge the Thames Water whingers next week, prime minister Labour should stand firm at its investors summit and remind attenders that the UK’s utilities sector is eminently investable The Guardian - UK · Oct 9, 2024
English water system singled out for criticism by UN special rapporteur Prof Pedro Arrojo-Agudo says regulator Ofwat ‘complacent’ about water firms putting their shareholders before public The Guardian - UK · Oct 9, 2024
Water companies to pay £160m back to customers – how to get your share Customers will get their refunds next year – but some will be given more than others The Independent UK · Oct 8, 2024
Water companies in England and Wales told to pay £158m penalty to customers Ofwat says firms must lower bills next year after poor performance on issues such as sewage spills and leaks The Guardian - UK · Oct 8, 2024
Shein’s UK profits double; Water companies penalised for poor performance; China targets EU brandy – as it happened Rolling coverage of the latest economic and financial news, as UK gilt yields rise and water companies face paying £157m to customers The Guardian - UK · Oct 8, 2024
Water companies ordered to return £158m to customers next year after missing key targets For the second year in a row, no company achieved the top rating, although four companies did show an improvement from last year. Evening Standard · Oct 8, 2024
The Independent UK · Oct 8, 2024 Water companies must return £157.6m to customers over poor performance Not one company has achieved the regulator’s top category, while three are in the lowest category of ‘lagging’
The Guardian - UK · Oct 7, 2024 Southern Water seeks to borrow up to £4bn from investors Move could increase pressure on utility companies turning to bond markets amid crisis at Thames Water
The Guardian - UK · Oct 3, 2024 Unresolved water complaints in England and Wales rise to near-decade high Customer disputes over sewage spills, billing mistakes and water meters soar in past year
The Guardian - UK · Oct 1, 2024 Small firms face near-30% rise in water bills, Ofwat letter reveals Businesses in England and Wales say they are paying for ‘historic errors’ by water suppliers
The Guardian - UK · Sep 30, 2024 Thames Water could be blocked from new debt financing next week Troubled firm has until 7 October to agree to extension, according to holding company accounts
The Guardian - UK · Sep 26, 2024 Southern Water considers shipping supplies from Norwegian fjords to UK Contingency plan using sea tankers to deal with future shortages would be paid for from customers’ bills
Evening Standard · Sep 26, 2024 Credit agencies slash their ratings on Thames Water debt The move drags £16 billion of Thames Water debt even deeper into junk territory
The Guardian - UK · Sep 23, 2024 Six water firms in England ‘overcharged customers by up to £1.5bn’ Firms underreported true scale of sewage pollution for 10 years, which allowed them to set higher bills, tribunal told
The Guardian - UK · Sep 19, 2024 Thames Water trying to stay afloat by rewriting loan deals, says source Firm in £15bn debt books November high court dates in effort to extend ‘liquidity runway’
The Guardian - UK · Sep 14, 2024 Billpayers in England and Wales tricked into ‘stealth bailout’ of water companies Campaign group challenges industry regulator over price rises for customers that will pay to upgrade infrastructure
The Guardian - UK · Sep 10, 2024 Remainder of year’s water bills will pay dividends and service debts, say campaigners We Own It says 31% of water bills went on shareholder payouts and company debts in last financial year, while the same percentage of 2024 remains