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...
Thames, Yorkshire and Northumbrian Water face £168 million penalty following sewage investigation
Ofwat has proposed that three water companies will be fined a total of £168m for failing to manage their wastewater treatment works and networks,...
More trouble for Thames Water as S&P downgrades their Class A and B debt
S&P (Standard & Poor's) has downgraded Thames Water's Class A debt rating to BB and its Class B debt rating to B. This follows...
Summit on support for struggling customers announced as reports highlight continued affordability challenge
Ofwat has announced a summit on the support offered to customer's struggling to pay their bills, following latest research published by the regulator.
The Vulnerability...
Thames Water responds to Moody’s Ratings downgrade, but Moody’s says the outlook ‘remains negative’
Thames Water Utilities Limited has responded to yesterday's downgrading by Moody's Ratings.
Moody's is a New York-based company which rates the creditworthiness of companies, governments,...
Customers and stakeholders have their say on Price Review draft decisions for English water companies
More than 600 people attended a virtual public meeting staged by Ofwat to get the views of customers and stakeholders on the draft decisions...
King Charles III marks the opening of Parliament with a legislative programme that includes increased water industry legislation
In his second ever King's Speech, King Charles III marked the opening of Parliament on 17th July by setting out a legislative programme that...
Ofwat announces enforcement cases against four more companies in wastewater treatment investigation
Ofwat has announced that it is opening enforcement cases into four more water and wastewater companies as part of its ongoing investigation into how...
British Water calls for change to ensure AMP8 success, following Ofwat’s Draft Determinations
British Water, the trade association representing the interests of the UK water and wastewater supply chain, has called for change following Ofwat's £88 billion...
Water UK accuses Ofwat of repeating the mistakes of the past, after regulator cuts £16bn from PR24
Ofwat has set out what it describes as a 'record breaking' £88 billion upgrade as part of the 2024 Price Review.
However, it comes as...
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