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.
Water company fined half-a-million pounds after raw sewage discharged into river for 23 HOURS straight killing 5,000 fish January 14, 2023 A water company has been fined more than half a million pounds after raw sewage was discharged into a river for 23 hours killing 5,000 fish, the Environment Agency said. Anglian Water pleaded guilty to a breach of permit and was ordered to pay a fine of £510,000, costs of £50,000 and a victim surcharge [...]
Thames Water launches a live sewage discharge map – see if your local drain is overflowing January 5, 2023 Thames Water have launched a map of its sewage discharge points to mark the new year – and those living in the area won’t be very impressed. The map appears to show a host of monitors registering live discharge as of 1:40pm, with many focussed around Oxford and out into the Berkshire countryside. The company [...]
Ofwat hikes water bills for businesses December 15, 2022 Business customers face a 6.4 per cent hike to their dual water and wastewater bills, confirmed watchdog Ofwat
Thames Water predicts 1bn water shortfall without new projects to meet demand December 13, 2022 Thames Water has announced it is holding a public consultation on its proposed strategic plan for future water supply.
Ofwat offers carrot and stick approach to water firms with £300m innovation fund December 13, 2022 Ofwat will raise the size of its innovation fund to £300m, as it looks to encourage companies to improve customer service.
Water firms struggle with pollution incidents, says damning Ofwat report December 8, 2022 Serious pollution incidents have increased this year, revealed Ofwat in a collection of highly critical reports on the water industry.
Profits boom for Thames Water despite leak jump December 5, 2022 Thames Water posted nearly £400m in profits for the six months to September, despite the firm grappling with a jump in leaks during the scorching summer. The UK’s biggest water company said pre-tax profits were £398m, swinging from a pre-tax loss of £581m for the same period in 2021. Thames Water said it experienced an [...]
Ofwat to focus on credit ratings as it defends lack of debt limits for water suppliers December 2, 2022 Boosting the financial resiliency of each water supplier is more important than taming overall sector debt, argued Ofwat.
Profits plunge for Pennon as inflation bites November 30, 2022 Profits dipped for Pennon this half year as inflationary pressures get the better of the water services group. Underlying profit before tax slumped 75 per cent compared to 2021 levels, reflecting the near-term pressures on earnings from inflation driven power pricing and financing costs. Profit before tax was £20.9m for Pennon, down from £79.9m in [...]