The water industry got itself into a mess – why should customers pay the price?
2 weeks, 6 days ago

The water industry got itself into a mess – why should customers pay the price?

The Independent  

The water industry regulator’s website crashed this morning as it announced by quite how much the privatised water companies will soon be able to rinse its customers. Despite Thames Water declaring it had made “solid progress” on its transformation and turnaround, it’s not exactly clear what “progress” means in this instance. Companies like to report several different measures of profit, and Thames Water – which, remember, still needs to find £3bn to survive past March – says its earnings before interest, taxes, depreciation, and amortisation, increased by 14 per cent to £715m, when compared with the same period in 2023. But that’s not all: the company also reported a stunning 40 per cent increase in total pollution incidents, blamed on “record rainfall”. “We are consistently held up as sector leaders, being repeatedly recognised at the highest level for our environmental performance over the last five years.” Water companies are monopolies.

Companies Company Thames Water Panorama Severn Trent Thames Water Industry  customers  cent  severn  companies  company  price  mess  pay  water  industry  sewage  trent  record  thames  simply

History of this topic

Revealed: The water firm bosses who claim millions in pay and benefits - despite bills increasing
2 weeks, 6 days ago

Revealed: The water firm bosses who claim millions in pay and benefits - despite bills increasing

Daily Mail  

Water company fat cats who pollute Britain’s seas, rivers and streams claim millions in pay and perks while blowing similar amounts on fines for their poor performance. Thames Water boss Chris Weston who became CEO of struggling Thames Water in January UK’s worst-performing water company Dŵr Cymru Welsh Water, is run by former electricity board boss Peter Perry The UK’s …

How water firms could rinse the taxpayer
2 weeks, 6 days ago

How water firms could rinse the taxpayer

The Independent  

It was probably not the best day for the water industry regulator to announce that average bills in England and Wales will increase by 36 per cent over the next five years. Its debts of around £18bn are simply too large to service without swingeing increases in bills and possible taxpayer assistance – subsidies that will end up in the …

Why are water bills going up so much, and what does it mean for consumers?
2 weeks, 6 days ago

Why are water bills going up so much, and what does it mean for consumers?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Household water bills in England …

Households to face average £86 hike to water bills next year alone
2 weeks, 6 days ago

Households to face average £86 hike to water bills next year alone

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Households in England and Wales …

Water bills set for steep price hike after Ofwat review – how much will yours rise by?
Trending News
2 weeks, 6 days ago

Water bills set for steep price hike after Ofwat review – how much will yours rise by?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average water bills in England and Wales will increase by …

Thames Water slapped with £18m fine by Ofwat for dishing out 'unjustified' dividends
2 weeks, 6 days ago

Thames Water slapped with £18m fine by Ofwat for dishing out 'unjustified' dividends

Daily Mail  

Thames Water has been handed an £18.2million fine after regulator Ofwat used powers to crack down on firms paying 'unjustified' dividends for the first time. The regulator said Thames Water made interim dividend payouts totalling £37.5million to its holding company, Thames Water Utilities Holdings Limited, in October last year and further payouts of about £158.3million in March 2024. The ruling …

Water bills set to surge by 36%, regulator Ofwat says
Trending News
3 weeks ago

Water bills set to surge by 36%, regulator Ofwat says

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average water bills in England and Wales will increase by …

Brits get soaked again! Check how much YOUR water bill is going up by after watchdog signs off massive hikes... with some places facing 53% rise PLUS inflation
3 weeks ago

Brits get soaked again! Check how much YOUR water bill is going up by after watchdog signs off massive hikes... with some places facing 53% rise PLUS inflation

Daily Mail  

Water bosses were today given the green light for huge bill hikes averaging 36 per cent over the next five years. Southern Water customers are being hit hardest with bills going up 53 per cent over the period - and inflation projected to add another 10 per cent. The water firms provide supplies to England and Wales The proposed bill …

Households ‘to be hit with hike in water bills of at least 20 per cent’ sparking backlash
3 weeks, 3 days ago

Households ‘to be hit with hike in water bills of at least 20 per cent’ sparking backlash

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Households are going to be hit with a hike in water …

Thames Water got itself into this mess – but its customers will pay the price
4 weeks, 1 day ago

Thames Water got itself into this mess – but its customers will pay the price

The Independent  

The latest results from Thames Water are difficult to wade through. Companies like to report several different measures of profit, and Thames Water – which, remember, still needs to find £3bn to survive past March – says its earnings before interest, taxes, depreciation, and amortisation, increased by 14 per cent to £715m, when compared with the same period in 2023. …

Thames Water boss defends bonuses and repeats calls for steep bills hikes
4 weeks, 1 day ago

Thames Water boss defends bonuses and repeats calls for steep bills hikes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Regulator Ofwat revealed in November that Thames Water was …

Thames Water is a leaky pipe – so why are bidders fighting to buy it?
1 month ago

Thames Water is a leaky pipe – so why are bidders fighting to buy it?

The Independent  

It’s not Thames Water anymore and it hasn’t been that for quite some time; it’s Thames Wat-er-mess. The tragedy of this now-zombie company – which has warned that it will run out of cash sometime next year – is that things like leaks, customer service and the untreated sewage that keeps getting pumped into the environment aren’t anywhere near the …

Water firms blocked from using customer cash for ‘undeserved’ £6.8m boss bonuses
1 month, 2 weeks ago

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

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nine water companies, including stricken …

Which water companies are in financial trouble – and which paid out bonuses?
1 month, 2 weeks ago

Which water companies are in financial trouble – and which paid out bonuses?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. – Thames Water Thames Water paid £770,000 in bonuses …

Water firms blocked from using billpayer cash for ‘unjustifiable’ bonuses
1 month, 2 weeks ago

Water firms blocked from using billpayer cash for ‘unjustifiable’ bonuses

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Troubled Thames Water is among …

Thames Water: Fears of more bill hikes as £38bn bill revealed
1 month, 2 weeks ago

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

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A spokesperson for Thames Water said: “We take a rigorous approach to financial discipline …

Polluting water companies to face lighter punishments despite public outrage
2 months, 1 week ago

Polluting water companies to face lighter punishments despite public outrage

The Telegraph  

Failing water companies face lighter punishments under a climbdown being prepared by the industry regulator, risking an increase in leakages, water supply interruptions, and pollution. Investors in Britain’s water sector have rounded on the watchdog, claiming its hardline stance risks deterring further foreign investment in the industry at a time when it is crying out for billions of pounds of …

Thames Water: Why does the struggling water firm need emergency funding?
2 months, 2 weeks ago

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

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thames Water has said it …

Water companies push for higher bills again as customers face up to 84% hike
2 months, 2 weeks ago

Water companies push for higher bills again as customers face up to 84% hike

The Independent  

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Water firms to return £158m to customers over leaks and pollution failings
3 months ago

Water firms to return £158m to customers over leaks and pollution failings

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Water companies will have to …

Water companies ordered to pay back £158m to customers
3 months ago

Water companies ordered to pay back £158m to customers

The Telegraph  

Water companies have been ordered to return £158m to households as they were rebuked over their poor performance. It comes after water companies’ sewage spills into English rivers and seas more than doubled last year, adding to growing public outrage over the privatised utilities sector. Ofwat chief executive David Black warned that water companies kept blaming “outside causes” rather than …

Thames Water creditors seek peace deal to avoid threat of nationalisation
4 months ago

Thames Water creditors seek peace deal to avoid threat of nationalisation

The Telegraph  

Creditors to Thames Water are attempting to broker a peace deal between the beleaguered supplier and regulator Ofwat amid fears that a breakdown in relations between the two sides risks speeding up the company’s demise. Sources involved in attempts to stop Thames Water being nationalised are warning privately that it may prove impossible to draw up a rescue deal unless …

What will it cost to finally clean up our water industry?
4 months, 1 week ago

What will it cost to finally clean up our water industry?

The Independent  

These are only some of the problems facing the water industry – and a row has erupted about how much money will be needed to solve them. Water UK, the industry’s lobby group, is unhappy about Ofwat’s decision to allow average household bills to rise by £94 per household over the next five years. that its draft decision to cut …

Thames Water proposes huge new bills hike
4 months, 1 week ago

Thames Water proposes huge new bills hike

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. In its response to Ofwat’s draft determination on water companies’ …

Water suppliers brace for £2bn in sewage fines
4 months, 3 weeks ago

Water suppliers brace for £2bn in sewage fines

The Telegraph  

Britain’s troubled water sector is facing the threat of £2bn in penalties over the next five years, as regulator Ofwat attempts to crack down on sewage failings. A report by the ratings agency Moody’s has predicted that tougher rules on pollution will spark a flood of regulatory fines, burdening many businesses already struggling to stay afloat. In Moody’s latest assessment …

Water customers to receive up to £2k compensation payments for serious service failures
4 months, 3 weeks ago

Water customers to receive up to £2k compensation payments for serious service failures

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Water customers will start receiving higher rates of compensation for …

British water firms fined for sewage pollution
5 months ago

British water firms fined for sewage pollution

China Daily  

A van for the water treatment company Thames Water, is driven along a residential street in Guildford, southern England, Aug 6, 2024. Three major water utility companies in the United Kingdom face 168 million pounds in fines for numerous illegal sewage releases into rivers and coastal waters. Ofwat stated that the water companies "failed to ensure that discharges of untreated …

Mapped: Sewage in English rivers as water companies face £168m in combined fines
5 months ago

Mapped: Sewage in English rivers as water companies face £168m in combined fines

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Water regulator Ofwat …

Campaigners welcome £168m sewage fines but warn of ‘broken’ water industry
5 months ago

Campaigners welcome £168m sewage fines but warn of ‘broken’ water industry

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Campaigners have welcomed the multimillion-pound …

Three of England’s biggest water companies face £168m in fines over sewage spills
5 months ago

Three of England’s biggest water companies face £168m in fines over sewage spills

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Industry regulator Ofwat has proposed £168m of fines for three …

Ofwat proposes £168m in fines for three water companies over sewage spills
5 months ago

Ofwat proposes £168m in fines for three water companies over sewage spills

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ofwat has proposed £168 million …

Sewage spills are STILL rising in the UK with companies failing to get crisis under control, Environment Agency warns in damning report
5 months, 2 weeks ago

Sewage spills are STILL rising in the UK with companies failing to get crisis under control, Environment Agency warns in damning report

Daily Mail  

Sewage spills are still rising in the UK with water companies failing to get the crisis under control, the Environment Agency has warned in a damning report The agency said there were 47 serious pollution incidents last year – up from 44 in 2022. Shocking photos from August 2022 showed how Lake Windermere in the Lake District turned bright green …

Every river in England is polluted, new Environment Secretary Steve Reed warns as he backs 'severe fines' for utilities illegally pumping sewage into lakes and waterways
5 months, 2 weeks ago

Every river in England is polluted, new Environment Secretary Steve Reed warns as he backs 'severe fines' for utilities illegally pumping sewage into lakes and waterways

Daily Mail  

Every single river in England is polluted, the new Environment Secretary claimed today as he backed new 'severe fines' for water companies. He spoke out after regulator Ofwat last week revealed all 11 water firms in England and Wales are under scrutiny as part of a major investigation into sewage pollution in rivers. He spoke out after regulator Ofwat last …

Troubled Thames Water braces for enormous fines in latest Ofwat crackdown
5 months, 3 weeks ago

Troubled Thames Water braces for enormous fines in latest Ofwat crackdown

The Telegraph  

Thames Water is bracing for an avalanche of fresh fines running into the hundreds of millions of pounds as it battles to stave off emergency nationalisation. The Telegraph understands Thames is facing steep penalties from Ofwat, the industry regulator, for a catalogue of mistakes and scandals including unsanctioned dividend payments, sewage dumping, and missing basic performance targets. Ofwat is also …

Water bills going up map: Ofwat’s recommendations for your area
5 months, 4 weeks ago

Water bills going up map: Ofwat’s recommendations for your area

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Water bills in England and Wales are set to rise …

Why are water bills going up so much, and what does it mean for consumers?
5 months, 4 weeks ago

Why are water bills going up so much, and what does it mean for consumers?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Household water bills in England …

Household water bills to rise by £19 a year under draft proposals
5 months, 4 weeks ago

Household water bills to rise by £19 a year under draft proposals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ofwat chief executive David Black said: “Customers want to …

Fury as water bills are set to rise by £94 over next five years as regulator allow firms to hike prices by 21 per cent - so how much is your bill going up by?
5 months, 4 weeks ago

Fury as water bills are set to rise by £94 over next five years as regulator allow firms to hike prices by 21 per cent - so how much is your bill going up by?

Daily Mail  

In 2023, there 3.6 million hours of sewage spills in England's rivers and seas Customers have been left outraged after water bill hikes were revealed today with prices set to soar by £94 in five years. Regulator Ofwat has allowed firms to increase bills by 21 per cent, amid public outrage over polluted water ways and 3.6 million hours worth …

Consumers set to learn of likely water bill rises over next five years
5 months, 4 weeks ago

Consumers set to learn of likely water bill rises over next five years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Consumers in England and Wales …

Here’s how our water crisis could be fixed – without costly nationalisation
7 months, 1 week ago

Here’s how our water crisis could be fixed – without costly nationalisation

The Independent  

It was always going to happen, of course. Talking to industry experts and analysing the legal aspects, has seen him produce a paper: “Action to Change UK Water Companies: incentives to invest”. Currently, water companies are vertically integrated regional monopolies – in essence, they do everything regarding water and they face no competition in their local area. It has the …

Thames Water could dump more sewage in rivers under ‘recovery regime’
7 months, 1 week ago

Thames Water could dump more sewage in rivers under ‘recovery regime’

The Telegraph  

Thames Water and other struggling utility companies will be allowed to release more sewage into Britain’s rivers under controversial plans being drawn up by regulators. Ofwat, the industry watchdog, is reportedly considering a new “recovery regime” for troubled water suppliers, similar to the special measures system imposed on failing schools. It comes ahead of the summer period, when water companies …

Revealed: Interactive map shows where overloaded sewage pipes could burst again because water companies say it is 'not cost beneficial' to upgrade - but is YOUR home at risk?
7 months, 3 weeks ago

Revealed: Interactive map shows where overloaded sewage pipes could burst again because water companies say it is 'not cost beneficial' to upgrade - but is YOUR home at risk?

Daily Mail  

Britain's greatest beauty spots and most stunning waterways are being continually polluted by water companies who say it is 'not cost beneficial' to upgrade the network to prevent leakage in half of all cases, MailOnline can reveal. Data analysis by MailOnline shows water firms decided there was 'no cost beneficial solution' to prevent 280 discharge sites in England that, due …

Thames Water is worthless, says biggest investor
7 months, 3 weeks ago

Thames Water is worthless, says biggest investor

The Telegraph  

Thames Water’s biggest investor has slashed the value of its stake in the company to zero in a move that renders the troubled supplier effectively worthless, The Telegraph can disclose. The Canadian pension fund Omers said it has been forced into a “full write down” of its investment in Thames, a day after withdrawing its representative from the utility company’s …

Thames Water seeks 45pc bill rise as it piles pressure on Ofwat
8 months, 2 weeks ago

Thames Water seeks 45pc bill rise as it piles pressure on Ofwat

The Telegraph  

It emerged on Monday that feared US hedge fund Elliott, owner of Waterstones, has been buying up debt in Thames Water in a bid to profit from its recent turmoil, the Financial Times reported. The need for increased revenues at Thames Water has been made increasingly acute after shareholders, such as China’s sovereign wealth fund, cut off funding last month. …

Raising bills to pay for Thames Water failures ‘utterly outrageous’, says Hunt
8 months, 4 weeks ago

Raising bills to pay for Thames Water failures ‘utterly outrageous’, says Hunt

The Telegraph  

Jeremy Hunt has said that it would be “utterly outrageous” for Ofwat to grant Thames Water’s demands for higher household bills as it faces potential insolvency. The Chancellor said shareholders in the embattled utility company had “an obligation to sort out the mess”, when asked whether they had a duty to inject more cash into the business. Speaking at a …

Thames Water plots break-up as it scrambles to avoid nationalisation
9 months ago

Thames Water plots break-up as it scrambles to avoid nationalisation

The Telegraph  

Thames Water is exploring a radical break-up plan as the threat of nationalisation moves closer. A carve-up of the company is among several options being studied by executives as Thames attempts to navigate a severe cash crunch that could precipitate its collapse. Under the proposals being looked at, Thames Water, which serves 16 million customers, could be split into two …

Thames Water: Who owns the struggling water service – and could it be nationalised?
9 months, 1 week ago

Thames Water: Who owns the struggling water service – and could it be nationalised?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. If Thames Water’s financial issues cause it to become unable to deliver its services …

Thames Water dividend payouts in spotlight after shareholders pull funding
9 months, 1 week ago

Thames Water dividend payouts in spotlight after shareholders pull funding

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s largest water company …

Five water firms in court over allegations of under-reporting pollution
9 months, 2 weeks ago

Five water firms in court over allegations of under-reporting pollution

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Five UK water companies have …

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