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The Latest Breaking News from Ofwat

Moody’s cuts Thames Water’s highest-ranked bonds to junk

Moody’s Ratings lowered Thames Water’s class A debt to junk after the UK’s water regulator placed the company under a so-called turnaround oversight regime.

Evening Standard

Yorkshire Water bosses get hefty bonuses after company failed customers

CEO and CFO given total of £616,000 for a year in which some residents struggled to go about daily lives

The Guardian - UK

Southern Water boss handed £183,000 bonus despite huge rise in bills

Award for Lawrence Gosden comes after criticism of business plan and attempts to increase bills by 73%

The Guardian - UK

From analysis to the latest developments in health,
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Every single water company in England and Wales now facing huge sewage investigation by regulator

Ofwat aim to conclude the cases against the water companies ‘as quickly as possible’ so the sector can focus on cleaning up the rivers and seas

The Independent UK

Every water firm in England and Wales under investigation over sewage spills

Ofwat opens cases against Severn Trent and three others, days after they faced criticism over huge bill rises

The Guardian - UK

Paying the price of water companies’ failures

Letters: Bill Kingdom on the two halves of the water privatisation story, and Chris Bolt on Ofwat’s water price review

The Guardian - UK

Thames Water owner to liquidate solar energy subsidiary amid debt crisis

Exclusive: solar developer Trinzic to voluntarily shut down as holding company seeks to recoup more than £25m

The Guardian - UK

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Thames Water hit with £39m of penalties after missing regulatory targets

Performance report shows debt-laden company missed 21 targets in areas from pollution to supply interruption

The Guardian - UK

Friday briefing: What the crisis at Thames Water means for customers

In today’s newsletter: The UK’s biggest water company has faced fierce criticism after presiding over rising water bills and a sewage crisis – and now customers are facing a 22% increase in bills

The Guardian - UK

Ofwat accused of showing ‘contempt’ to customers over water bill price rises

Politicians and campaigners condemn charging proposals, as regulator puts Thames Water into special measures

The Guardian - UK

The best long-term plan for Thames Water is to get it back on the stock market

The discipline of being a listed company should mean an end to the days of ultra-high leverage and opaque corporate structures

The Guardian - UK

Water bills to rise by an average of £94 over 5 years - this is how your region will be affected

Everything you need to know about Ofwat's proposed water bill increases

Ideal Home

Water bills in England and Wales: how much more might you be paying?

The regulator is allowing different companies to put up prices by different amounts. Here’s what it will mean in your area

The Guardian - UK

Water bills increase announced as some set to pay hundreds more – check the rise in your area

Some customers could face bills of over £600 a year by 2029 – check how your area is affected

The Independent UK

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The Guardian - UK

Thames Water placed in special measures due to ‘significant issues’

Ofwat says UK’s biggest water company will come under extra scrutiny as it faces prospect of restructuring or temporary renationalisation

The Guardian - UK

Rise of £94 in water bills over five years is ‘bitter pill’, says chancellor

Customers in England and Wales to pay an extra £19 each year on average as firms raise money to tackle sewage and leaky pipes

The Independent UK

Water bills to rise by average of £94 over next five years in England and Wales

However, some regions will see greater increases – with Southern Water bills rising by £183, or 44 per cent

The Guardian - UK

Environment secretary says water bill rises ‘result of years of failure,’ utilities sign up to reforms – as it happened

Clean water campaigner Feargal Sharkey accuses Ofwat of ‘utter disregard for customers and environment;’ US inflation falls more than expected to 3%

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Evening Standard

Thames Water bills to shoot up by almost £100 over the next five years

The company has warned that it could run out of money by next May if it is not allowed to put up bills by 59%

The Guardian - UK

Do not let Thames Water’s bondholders wriggle off the hook

Nils Pratley: Bondholders are hoping to escape intact if Ofwat is sufficiently generous with its increases in bills

The Guardian - UK

Thames Water fails to complete 108 upgrades to ageing sewage works

Exclusive: Fears customers will end up paying twice for work needed in order to comply with legal pollution limits

The Guardian - UK

Cheap sales, debt and foreign takeovers: how privatisation changed the water industry

Familiar concerns over bosses’ pay, prices and borrowing emerged in the utilities’ early years in private hands, with UK dubbed the ‘dirty man of Europe’

The Guardian - UK

Rise in sewage pollution from Thames Water’s ageing treatment works

Incidents from sites and pipe network increased by 19 last year to 350 amid delays in investment, company says

The Independent UK

Thames Water pays out £158m to shareholders despite £15bn debt and sewage leak failings

Thames Water says it has cash to last until May 2025 and if it fails to find investment, Sir Keir Starmer will face a decision on measures that would effectively see it nationalised

The Guardian - UK

Thames Water to tap investors for funds as it will run out of cash by next June

Company is laden with £15.2bn of debt, up £1.3bn on the previous year, most of which could be added to the public purse

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