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 [...]
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.
Water suppliers will face unlimited fines for sewage dumping, Coffey confirms April 3, 2023 Water suppliers are set to face unlimited fines for sewage dumping in the government's latest action plan to crack down on poor performance.
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.
Thames Water drafts in advisors to tackle £14bn debt pile March 12, 2023 Thames Water has been forced to draft in advisors to evaluate its financial situation, amid growing concerns that the group will not be able to fix its £14bn debt mountain. According to reports in Sky News, the UK’s biggest water supplier has drafted in investment bankers from Rothschild, and the law firm Slaughter & May to [...]
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.
Thames Water risks £500m shortfall after April bill hike as vulnerable customers fall behind on payments February 14, 2023 Hundreds of thousands of Thames Water's customers risk falling behind on their bills when prices rise in April, according to Outra.
Water industry pledges to invest its way out of sewage crisis despite missing spending targets last year February 13, 2023 The government must hold firm with plans to clamp down on sewage spills in the water industry, warns a leading environmental group.
Watered down: Coffey reportedly backing away on plan to fine firms £250m for major sewage leaks February 13, 2023 Therese Coffey is reportedly backing away from plans to hit water companies with fines of up to £250m for spilling sewage into rivers and seas. The Environment Secretary wants to look at a “range of options”, although sources insisted the £250 million proposal remained on the table. Ms Coffey’s Department for the Environment, Food and [...]
Water company shareholders will need to help vulnerable customers bear the cost of living squeeze: Ofwat January 27, 2023 Ofwat has suggested shareholders in water companies should cough up more money to support customers over the coming years.