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Ofwat

  • Environment Secretary pledges to halve sewage pollution by 2030

    Transport and infrastructure

    The Environment Secretary has pledged to cut sewage pollution from water companies in half by 2030 compared to 2024 levels. Steve Reed will announce the target as he speaks to the media on Sunday morning. The government said it marks the first time ministers have set a clear target on reducing sewage pollution to which [...]

  • Ofwat to be replaced with ‘new regulator’ amid Thames Water crisis

    Water

    Ofwat, the water watchdog, is expected to be abolished and replaced by a new body next week after facing intense scrutiny over sewage firms and the poor performance of major companies including Thames Water, according to reports.  A consultation on the creation of a new regulator is expected to be announced next week after results [...]

  • Regulators ‘appear unable’ to stop water firms acting unlawfully, MPs warn

    Transport and infrastructure

    A group of influential MPs have called for a “low risk, low return” water sector and urged the government to strengthen regulatory powers amid scrutiny over excessive dividends and murky company structures. In a wide-reaching report, the Public Accounts Committee (PAC) warned that the “financial fragility” of a few large utilities had caused investors to [...]

  • South West Water to pay £24m to avoid fine from Ofwat over leaks

    July 10, 2025

    South West Water is to invest £24m into its network and local environment to avoid being fined by the industry regulator after a failure to manage its wastewater network led to unnecessary leaks. Ofwat said the utility had “failed to build” and operate its wastewater treatment works and sewer network to “ensure they performed sufficiently.” [...]

  • Thames Water bosses face fresh grilling from MPs over bonus row

    July 9, 2025

    Thames Water bosses have been hauled back in front of MPs after accusations of a “lack of transparency” surrounding bonuses carved out of an emergency loan. The crisis-hit utility has refused to take back nearly £2.5m it paid to a host of senior managers from the £3bn lifeline provided by creditors earlier this year. Some [...]

  • Macquarie to inject £1.2bn into struggling Southern Water

    July 1, 2025

    Macquarie is to invest £1.2bn into the struggling utility Southern Water in a move that could prevent a possible breach of its regulatory license. The new equity investment plan will enable Southern, which supplies water to 2.6m customers in Kent, Sussex, Hampshire and the Isle of Wight, to fund its Ofwat-approved investment programme for the [...]

  • Ofwat set to fight off legal action over its price review

    June 24, 2025

    Ofwat is set to face legal action over its price review after an application was green-lit to proceed to the High Court.

  • United Utilities: Banned bonus for FTSE 100 CEO revealed

    June 23, 2025

    The amount top bosses at FTSE 100 giant United Utilities are set to lose in bonuses – after the water giant was named as one of six to be banned from handing out the payouts – has been revealed. Earlier this month, new measures in the Water (Special Measures) Act come into force which prohibited utility [...]

  • MP to take Thames Water to Supreme Court over restructuring plan

    June 17, 2025

    A Liberal Democrat MP will take a case against Thames Water’s restructuring to the Supreme Court. Charlie Maynard, MP for Witney, was among a group which included the utility’s secondary creditors, who opposed a £3bn emergency loan agreement earlier this year. Thames Water has been battling to stave off special administration over the last year [...]

  • Thames Water lenders offer £17bn plan, push Ofwat for ‘regulatory reset’

    June 10, 2025

    A group of Thames Water’s major creditors have put forward a sweeping, multibillion-pound rescue deal, while calling for forgiveness of historic fines from Ofwat.  Major investment firms, including Aberdeen and Elliott Management, are among the investors, who have said they have “the funding and experience required to deliver a transformation of the company’s performance which is intended [...]

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