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The Latest Breaking News from Ofwat

Water firms blocked from using customer cash for ‘undeserved’ £6.8m boss bonuses

Watchdog stops nine from from funding bonuses through customers – but bosses will still get their cash from shareholders

The Independent UK

Severn Trent profits nearly triple despite non-compliance risk on water quality

The company serves about 4.6 million homes and businesses across the Midlands and Wales.

Evening Standard

Southern Water gets rating downgrade amid ‘challenging funding conditions’

Southern’s latest downgrade by Fitch follows a similar move by ratings agency Moody’s earlier in November.

Evening Standard

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Thames Water: Fears of more bill hikes as £38bn bill revealed

A new report has said Thames Water is in worse financial straits than already thought

The Independent UK

Thames Water’s IT ‘falling apart’ and is hit by cyber-attacks, sources claim

Exclusive: Company relies on obsolete tech and there are troubling security gaps, Guardian investigation suggests

The Guardian - UK

Floods, explosions and asbestos: Thames Water faces potential problems on all fronts

Exclusive: Senior managers say they are forced to press ahead with orders for vital items without approval

The Guardian - UK

Thames Water supply ‘on knife-edge’ with £23bn repairs needed

Exclusive: Company has failed to tackle serious safety concerns or upgrade vital IT systems, Guardian investigation reveals

The Guardian - UK

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‘It’s a national disgrace’: fury at sewage-filled Windermere over toxic algae and dead fish

Campaigners blame United Utilities for blighting famous lake with raw effluent

The Guardian - UK

United Utilities raises shareholder payout despite Windermere pollution

Company said it was ‘making progress’ on reducing pollution, after reports that it illegally pumped millions of litres of sewage into the lake.

The Independent UK

Southern Water’s debt downgraded to junk status by Moody’s

Company close to technical default on some of its debt, underlining UK industry’s precarious state

The Guardian - UK

Thames Water gains key support from creditors for £3bn funding lifeline

Utilities firm says 75% of class A bondholders back emergency package aimed at staving off collapse

The Guardian - UK

Ofwat launches new standards to improve services for vulnerable customers

Ofwat is also set to make a final decision on household water bill increases on December 19.

Evening Standard

Two in five households will struggle with water bill increases, report warns

The figure is more than double the 18% who say they have difficulty paying their current bill, the Consumer Council for Water said.

Evening Standard

Thousands expected to march through London to demand cleaner water

The March for Clean Water will see will see protesters will meet at the Albert Embankment on Sunday before a rally in Parliament Square.

Evening Standard

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The Guardian - UK

Revealed: water firms in England ‘passed’ pollution tests that were never carried out

Self-monitoring regime will change to plug loophole that allowed failing sewage plants to pass pollution checks

Evening Standard

Thames Water: Why does the struggling water firm need emergency funding?

Thames Water has said it is seeking up to £3 billion in emergency loans in order to stay afloat until at least October next year.

The Guardian - UK

Struggling Thames Water pushes for £3bn lifeline with cash due to run out in December

Fresh funds are ‘liquidity bridge’ to stabilise firm and give it time to secure long-term investment, says boss

Evening Standard

Thames Water reveals £3 billion emergency financing plan to keep it solvent until October 2025

Proposals could provide Thames with up to £3 billion of lifeline cash

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Ideal Home

Water bills could rise a further 40% on average experts warn – here's how you can save money on your water bills ahead of the price hike

Here's how you can get a head start on saving on your water bill

The Guardian - UK

New commission may ban English water companies from making a profit

Defra body, created to overhaul system amid public fury, may force firms to be run for public good rather than shareholder returns

The Guardian - UK

New Water Commission must create an environmental enforcer that is feared

The current division of responsibilities between Ofwat, the Environment Agency and Drinking Water Inspectorate hasn’t worked

Evening Standard

Water regulator Ofwat could be abolished over sewage scandal as firms push for bill hikes of up to 84%

Thames Water has asked to hike bills by 54%

The Independent UK

Starmer’s bid to fix broken water industry after series of sewage scandals

Campaigners are angry that Labour will not consider renationalising water companies

The Independent UK

Water sector review could include replacing Ofwat amid row over bills and sewage

The UK and Welsh governments announced an independent commission to review the industry and its regulation.

Evening Standard

Water companies ask to raise bills by even more than first planned

Southern Water, Thames Water and others demanded steeper increases than set out earlier this year despite regulator Ofwat trying to reduce rises.

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