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The Latest Breaking News from Ofwat

Watchdog tells water firms to speed up building new reservoirs

Ofwat said water company bosses must find ways to ‘achieve earlier completion’ on major projects in the coming years.

The Independent UK

OPINION - Feargal Sharkey: Selling Thames Water to private equity sounds like a sick joke to me

It’s a story of betrayal, of backstabbing and greed, of Wall Street excess and of junk bonds, of corporate decimation and countless lives shattered by sackings, of asset stripping and exploitation and it epitomises the very worst of global corporate finance. It is also a story coming to a water…

Evening Standard

Experts share how you can still beat ‘awful April’ bill spikes

Bills have risen on all fronts this month – but there are things you can do

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

What bills will rise this week?

From April, households will have to pay more for everything from energy to council tax

Evening Standard

Chief finance officer of under-fire Thames Water quits £1.3m-a-year role

Alastair Cochran’s successor to be appointed ‘in due course’ at critical time for cash-strapped company

The Guardian - UK

Households to see across-the-board ‘awful April’ bill increases

With the average household already spending £2,062 on essentials each month, the latest increases could add another £49.45 to this figure.

Evening Standard

Sewage spilled into England’s rivers and seas for 3.6 million hours last year

Labour has called the figure ‘disgraceful’

The Independent UK

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Some water boss bonuses in England could be banned, says Ofwat

New powers mean regulator can ban payouts under criteria of Ofwat’s choosing

The Guardian - UK

Yorkshire Water to pay out £40m after sewage overflow failings

Ofwat found ‘serious failures’ over how the company operated and maintained its sewage network resulted in excessive spills from storm overflows.

Evening Standard

Regulators must not go soft on Thames Water now

With six bids on the table, the company’s reference to ‘support and accommodations’ sounds like a plea for special treatment

The Guardian - UK

Thames Water hopes to agree deal with one of six bidders by end of June

Debt-laden company agrees with Ofwat that review of bill rises can be delayed as it seeks buyer

The Guardian - UK

Thames Water data reveals raw sewage discharges in rivers rose 50% in 2024

Exclusive: Almost 300,000 hours of raw effluent poured into waterways, figures show, up from 196,000 in 2023

The Guardian - UK

Thames Water: Inside the Crisis review – the public needs to see this foul mess

Why on earth were cameras invited inside this huge, hated company known for pumping sewage into our waterways? Customers can see the horrors of a dreadful situation they’re paying the price for

The Guardian - UK

Thames Water has secured a £3bn rescue deal. Here’s what it means for customers

A loan deal designed to prevent the utility company from going bust looks set to go ahead

The Independent UK

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Evening Standard

What does Thames Water’s latest court decision mean for customers?

After a court decision moved Thames Water closer to a £3 billion rescue loan, the PA news agency explains why it needs money and what happens next.

The Guardian - UK

Thames Water on TV: pity the staff, this place is decrepit

The company presumably hosted this documentary to show the need for higher bills to pay for new infrastructure

The Guardian - UK

Thames Water begs to be spared fines and costs, warning bidders will walk away

Exclusive: Managers and lenders racing to find a buyer want regulator to agree to leniency amounting to billions of pounds

The Guardian - UK

River campaigners to sue Ofwat over water bill rises

Group claims regulator signed off on ‘broken system’ making customers pay for industry’s neglect

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news in one place.

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Evening Standard

Thames Water among six water firms urging watchdog for higher bill increases

Thames Water urged regulators to allow them to raise customers bills hours after a High Court judge approved a £3 billion loan to the firm.

The Guardian - UK

Why is Thames Water getting £3bn and will it save it from collapse?

High court ruling means utility will not run out of cash for now, but a temporary nationalisation could still be on way

The Independent UK

Water firms appeal to watchdog for higher customer bill increases

On Tuesday, Southern Water, Anglian Water and South East Water asked the competition regulator to reconsider bill increase plans.

The Independent UK

Judge approves emergency plan to keep Britain’s largest water company afloat

A judge has approved an emergency plan to keep Britain’s largest water company afloat and averted a possible temporary government takeover

The Independent UK

What Thames Water’s £3bn bailout means for your water bill

What impact will this move have on your wallet? Here’s all the info

Evening Standard

What does Thames Water’s £3 billion rescue loan deal mean for customers?

The PA news agency explains why Thames Water needs emergency money and what happens next.

The Guardian - UK

Five water companies appeal against Ofwat’s curb on bill rises

Anglian Water, Southern Water, Northumbrian Water, Wessex Water and South East Water ask regulator to refer its ruling to the CMA

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