Ofwat to appear before MPs for questioning on water companies’ finances, customer bills and regulation of the industry
The Environment, Food and Rural Affairs Committee (EFRA) is due to hold an evidence session to scrutinise the work of Ofwat, questioning its Chief...
73% of bonus payments will not be paid for by customers, says Ofwat
Ofwat has today announced that new rules on exec bonuses and on dividends are beginning to bite in their first full year of operation,...
Ofwat launches new standards to improve services for customers who need extra help
Ofwat has set out new standards expected of water companies for how they should operate, grow and maintain their priority services registers (PSR) of...
2 in 5 households say they will find it difficult to afford water bill increases
Two in five households across England and Wales say they will find it difficult to afford the increases to water bills being proposed by...
Staying above water: can pension trustees navigate the challenges of Ofwat?
Mike Birch, Independent Trustee at Vidett and former Director of Supervision at The Pensions Regulator (TPR), addresses the financial turbulence within the water sector,...
Thames announces proposed transaction to extend its liquidity runway
Thames Water Utilities Limited has announced a proposed transaction to extend its liquidity runway, including up to £3.0bn of new money in addition to...
First Minister of Wales visits Welsh Water Headquarters
The First Minister of Wales visited the Dŵr Cymru Welsh Water headquarters on Thursday 24th October to meet the company’s staff.
Eluned Morgan was taken...
Governments launch largest review of the water sector since privatisation
An Independent Commission into the water sector and its regulation has been launched by the government in what is expected to form the largest...
Ofwat opens consultation on new powers in Water Bill
Ofwat has launched a consultation asking for the views of its stakeholders on three new rules of remuneration and governance proposed in the Water...
National Drought Group discusses preparations for extreme weather following wettest 12 months in England since 1836
The changing climate means we will see more extreme weather in the coming years, the National Drought Group heard at its latest meeting yesterday...
Thames Water independent Monitor is appointed
Ofwat has confirmed that an independent Monitor to report on the progress of Thames Water against its equity raise and transformation plans has now...
Licence modification on Price Review timing to be implemented by Ofwat to allow final determinations to be confirmed in January 2025 if necessary
Ofwat has confirmed a modification to English and Welsh water company licences that would allow the 2024 Price Review final determinations to be confirmed...
Ofwat calls on water sector to improve its performance after companies fall short on targets
Ofwat has published its annual Water Company Performance Report which shows disappointing results. According to the regulator, this demonstrates that record investment alone in...
Ofwat’s fifth Water Breakthrough Challenge to award £40m to innovative solutions to the industry’s big challenges
Ofwat will award up to £40m to highly collaborative innovation projects led by water companies in the Ofwat Innovation Fund’s fifth Water Breakthrough Challenge.
The...
Ofwat launches consultation on change of ownership for Portsmouth Water Limited and Leep Networks (Water) Ltd
Ofwat has launched a consultation on the change of ownership affecting two regulated companies, Portsmouth Water Limited and Leep Networks (Water) Ltd.
The consultation assesses:
...
Water companies urge Ofwat to reconsider investment cut
Water companies have collectively warned Ofwat that its draft decision to cut proposed investment puts urgent improvements at risk.
In its submission to the...
GMB says water company claims that capping bills will create sewage risk is ‘absolute balderdash’
The GMB Trade Union, which represents over 10,000 workers in the water and wastewater industry, has said that water companies’ claims that plans to...
Ofwat confirms actions for Thames Water following investment credit rating downgrade
Ofwat has confirmed the implementation of commitments from Thames Water, effective immediately, to remedy its licence breach in losing its investment grade credit ratings....
Ofwat looks to appoint independent Monitor to Thames Water after credit rating downgrades caused licence breach
Ofwat has published a series of commitments that Thames Water will agree to comply with after it lost two investment grade credit ratings; something...
Secretary of State welcomes Ofwat’s actions following sewage investigation, but some raise concerns about effectiveness of fines
Secretary of State, Steve Reed, has welcomed Ofwat's proposal to fine Thames, Yorkshire and Northumbrian Water a total of £168m for failing to manage...
Thames Water says it regards all untreated sewage discharges as unacceptable, even when they are permitted
In response to Ofwat's proposal to fine three water companies as part of the first batch of outcomes from its biggest ever investigation, Thames...
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