What’s really going wrong with water? October 16, 2024 Water has become a political weapon, but yet more regulation is not the answer to attracting the investment we need, says Lord Dominic Johnson Water Water Everywhere! It was very clear from the last election that water has been weaponised. Everyone seems to be deeply unhappy – the consumers, the politicians, the regulators, the investors, [...]
‘Overwhelming’ number of Brits back water firms being sued over pollution October 10, 2024 An "overwhelming" amount of the public supports water companies being sued for financial damages, as the sewage pollution puts the limelight onto water businesses
Thames Water creditors in talks with Ofwat for debt rescue plan October 9, 2024 A creditor group has held a meeting with water watchdog Ofwat this week, to pitch plans to keep the troubled Thames Water out of state ownership
Ofwat orders water firms to pay £157.6m for missing performance targets October 8, 2024 Water companies will have to pay a £157.6m penalty after missing key targets on reducing pollution, leaks and supply interruptions while customer satisfaction continues to fall, Ofwat has said. Not one company achieved the regulator’s top category of “leading” while Anglian Water, Welsh Water and Southern Water fell into the lowest category of “lagging” while [...]
Macquarie owned Southern Water looks to borrow billions October 7, 2024 The move to borrow more cash comes following months of crisis at Thames Water, the fall-out of which is spilling out across the sector.
Water lobby accused of ‘spin’ after claiming public lack knowledge October 1, 2024 The UK's biggest water companies have faced stinging criticism for the amount of sewage leaked into British rivers and seas in recent years.
Pennon blames sewage leaks and pollution on ‘exceptionally high’ groundwater September 26, 2024 Water firms leaked over one trillion litres of water last year, new analysis from the Observer revealed earlier in the year.
Galliford Try nets £400m contract to deliver Wessex Water investment plan September 23, 2024 The UK construction group's environment arm will manage Wessex Water's capital delivery framework, which is valued at £3.7bn.
Singapore’s wealth fund snubs regulated UK utilities amid Thames Water crisis September 22, 2024 Singapore's sovereign wealth fund has reportedly told the government that it will not invest in regulated UK water, electricity and gas utilities due to unpredictable rules on infrastructure, in a blow for Labour's economic strategy.
Thames Water creditors plan emergency funding for troubled utility September 22, 2024 Thames Water's lenders are reportedly preparing to plough more than £1bn of emergency funding into the embattled utility before the end of 2024 in an effort that could keep it out of government hands.