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The Latest Breaking News from Ofwat

Wessex Water bosses handed £50,000 in extra pay despite Labour government’s bonus ban

Utility admits parent company paid CEO Ruth Jefferson and CFO Andy Pymer but denies bonus payments

The Guardian - UK

Former Wessex Water boss received £170,000 bonus despite ban on performance pay

Company owners say bonus was unrelated to water business and complied with ban after pollution conviction

The Guardian - UK

Wessex Water to pay £11m towards wastewater upgrades after Ofwat investigation

The investment means the firm with around 2.9 million customers in the South West avoids having to pay a fine.

The Independent UK

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read the most diverse news in one place.

Refinancing is delayed at Thames Water. If Ofwat is playing hard, it should keep going

Discussions are ‘taking longer than expected’, which may mean regulator is tearing chunks out of creditors’ proposal

The Guardian - UK

Complaints from Thames Water customers rocket more than 70% after bill hikes

Higher bills allowed Thames Water to return to profit and boost investment

Evening Standard

People living along polluted Thames file legal complaint to force water firm to act

Residents claim raw sewage and poorly treated effluent as result of Thames Water’s failings are threat to health

The Guardian - UK

Britain's Net Zero Dream at Risk as Water Shortages Threaten Green Energy Plans

Britain's water shortages could undermine net zero plans, with experts warning that hydrogen and carbon capture projects may struggle to secure enough water.

International Business Times UK

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Water shortages could derail UK’s net zero plans, study finds

Tensions grow after research in England finds there may not be enough water for planned carbon capture and hydrogen projects

The Guardian - UK

Castle Water vows to create 2,000 jobs at Thames Water in fresh bid approach

The utility firm has returned with an improved proposal for Thames, which is in advanced talks with creditors and regulators to secure funding.

Evening Standard

Thames Water bidder says it is offering £1bn extra cash injection

Castle Water says restructuring plans do not go far enough and extra funds will help resolve pollution crisis

The Guardian - UK

Wessex Water must pay £11m over wastewater failures, says regulator

Company failed to effectively operate, maintain and upgrade its wastewater assets, Ofwat finds

The Guardian - UK

Wessex Water should pay £11m over wastewater failures, says regulator

Ofwat said the failures related to the maintenance of Wessex Water’s network to ensure it could cope with flows of sewage and wastewater.

Evening Standard

Wessex Water ordered to pay £11m over wastewater failures

Ofwat has also said it must reduce spills at specific storm overflows through investment

The Independent UK

Bosses at six water firms had £4m in bonuses blocked under new rules, Ofwat says

Regulator also considers forcing companies to report pay received from parent firms after Guardian investigation

The Guardian - UK

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Evening Standard

Thames Water among six water firms to have bonuses for top bosses blocked

More than £4 million of potential bonuses were banned under new rules on performance-related executive pay, regulator Ofwat said.

The Guardian - UK

Ofwat letting water firms charge twice to tackle sewage, court to hear

River Action bringing legal action against water regulator over who should foot bill for firms’ past failures to invest

Evening Standard

Water firms’ environmental performance sinks as serious pollution cases up 60%

The Environment Agency has called for a fundamental shift in culture and behaviour from English water firms in the light of ‘poor’ results.

The Guardian - UK

Thames Water ranked worst supplier in England as firms’ ratings hit record low

Environment Agency rates eight of nine companies as poor and needing improvement

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news in one place.

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The Guardian - UK

Water firms in England could face harsher sewage fines under new Environment Agency powers

Government consults on allowing regulator to use lower civil standard of proof and introducing automatic penalties

Evening Standard

Thames Water delays challenging watchdog’s ruling on bills amid rescue plan

The UK’s biggest water firm said it had agreed with Ofwat to defer the case until further notice.

The Guardian - UK

The bills are water torture – and so is the regulatory process in England

Five suppliers can raise charges but Ofwat is able to celebrate a minor moral victory. The whole process feels surreal

The Independent UK

The five utility companies cleared to increase water bill charges

IN FULL

Evening Standard

Five water firms provisionally allowed to raise bills by further 1% to 5%

An independent group appointed by the competition watchdog rejected nearly 80% of increases sought by companies.

The Guardian - UK

Entry-level workers face AI ‘job-pocalypse’; US probes Tesla’s self-driving system – as it happened

Business leaders are prioritising automation through AI to fill skills gaps, rather than training junior employees, survey finds

The Independent UK

Millions of households face jump in water bills after watchdog’s ruling

Five companies have been granted permission to increase their charges

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