Thames Water: Ofwat boss refuses to apologise for water industry debt crisis July 13, 2023 Ofwat’s former boss refused to apologise for allowing the water industry to rack up an eye-watering £65bn debt mountain.
Thames Water and Ofwat face Westminster grilling over growing debt pressures June 30, 2023 MPs will grill Thames Water executives and market watchdog Ofwat amid growing concerns over the finances of the UK's largest water supplier.
Sewage scandal: Ofwat demands water companies get their house in order April 4, 2023 Ofwat wants to fast-track £1.6bn of investment in the water industry, and require water companies to speed up delivery of new schemes.
Jeremy Hunt to meet CMA, Ofgem, Ofwat and Ofcom over ‘profiteering’ concerns June 26, 2023 Jeremy Hunt will ask industry regulators what they are doing about any companies exploiting rampant inflation by raising prices. The Chancellor is set to meet the Competition and Markets Authority (CMA), and the watchdogs for energy, water and communications on Wednesday. He will press them on whether there is a profiteering problem in their sectors [...]
Ofwat and the Environment Agency must have the willpower to fix the water industry March 20, 2023 The heads of both leading watchdogs for the water industry were grilled in Parliament last week by MPs, amid concerns over sewage leaks.
Ofwat £11m enforcement boost branded ‘drop in the ocean’ by sewage campaigners May 16, 2023 An £11m funding boost for water regulator Ofwat to help it take action against polluting water companies has been branded a “drop in the ocean” by a campaign group, who argued more was needed to address the scale of the problem. Ofwat said the funds, which would be provided by a future hike to the [...]
How can Ofwat regulate ‘failing’ firms like Thames Water without pushing them into bankruptcy? February 22, 2024 The Environment, Food and Rural Affairs Committee expressed significant concerns over Ofwat's role in regulating the water industry
Tories turn up the heat on Ofwat as Thames Water scrambles for £1bn in funds June 28, 2023 A front-bench member of the cabinet has raised concerns over the future of Thames Water, amid its desperate bid for funds from investors.
Investments fail to flow from water companies, reveals Ofwat December 6, 2022 Water and wastewater companies are falling behind on their investment plans, according to industry watchdog Ofwat.
Water firms ordered to strengthen supply plans by Ofwat or have their profits slashed March 2, 2023 Ofwat has demanded water companies toughen up their plans to secure reliable water services in the coming decades.