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.
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.