Water firms appeal to watchdog for higher customer bill increases
1 month, 1 week ago

Water firms appeal to watchdog for higher customer bill increases

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. In December, sector regulator Ofwat said it would allow water firms to raise bills by an average of £157, or 36%, over the next five years to help finance investment into crumbling infrastructure. On Tuesday, Southern Water, Anglian Water and South East Water asked the Competition and Markets Authority to reconsider bill increase plans. On Tuesday, Southern Water chief executive Lawrence Gosden said the settlement “would not enable us to deliver the environmental and performance improvements and new infrastructure that our customers and communities rightly expect”. “Unfortunately, after extremely careful consideration, the Anglian Water board has concluded that Ofwat’s final determination falls short of its own stated aims, and having already factored in nearly £1 billion of efficiency savings, it means that additional pressures in the regulatory settlement are unacceptable.” Chris Train, chairman of South East Water, added: “We have scrutinised the final determination and agree unanimously that in its current format, it presents a risk to water security for our customers in the region.”

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History of this topic

Thames Water wins court approval in London for emergency funding deal
Trending News
1 week, 2 days ago

Thames Water wins court approval in London for emergency funding deal

Associated Press  

LONDON — Thames Water, which serves 16 million people in and around London, has received court approval for up to 3 billion pounds of emergency funding, preventing the company from falling into government administration. Thames Water, which has about 17 billion pounds of debt, was in danger of running out of money within days if the court had not authorized …

Why are water bills rising by up to 47% next month?
2 weeks ago

Why are water bills rising by up to 47% next month?

Daily Mail  

Awful April is just weeks away and households are bracing themselves for huge increases in their bills. Price hikes: Households will pay up to £200 more a year after an Ofwat review of water bills How much do people currently pay for water and how is it calculated? The Consumer Council for Water warns that these bills could rise even …

People urged to share views on how to clean up water and rebuild trust
3 weeks, 6 days ago

People urged to share views on how to clean up water and rebuild trust

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 water industry’s problems are …

Sewage overflows ‘not good enough’, boss of North West water supplier says
Trending News
1 month ago

Sewage overflows ‘not good enough’, boss of North West water supplier says

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 water firm behind historic …

Thames Water among six water firms urging watchdog for higher bill increases
1 month, 1 week ago

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

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 is among six …

Thames Water creditors given go-ahead to appeal against restructuring approval
1 month, 1 week ago

Thames Water creditors given go-ahead to appeal against restructuring approval

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. A group of Thames Water’s Class B creditors had …

Judge approves emergency plan to keep Britain’s largest water company afloat
1 month, 1 week ago

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

Associated Press  

LONDON — A judge approved an emergency plan Tuesday to keep Britain’s largest water company afloat, averting the possibility of a temporary government takeover. Justice Thomas Leech ruled in the High Court in London that the company’s restructuring proposal was a better alternative for the public than having Thames Water become insolvent and come under government administration, or a competing …

Thames Water restructuring approved by High Court judge
1 month, 1 week ago

Thames Water restructuring approved by High Court judge

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. After taking into account the public interest in ensuring …

Why are water bills going up so much?
1 month, 3 weeks ago

Why are water bills going up so much?

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 …

UK Households Set for Record Hike in Water Bills From April
1 month, 3 weeks ago

UK Households Set for Record Hike in Water Bills From April

Live Mint  

-- Average UK water bills are set to rise 26% from April, the biggest ever increase for households and business still feeling the sting of a cost-of-living crisis. “We understand increasing bills is never welcome and, while we urgently need investment in our water and sewage infrastructure, we know that for many this increase will be difficult,” David Henderson, Water …

United Utilities and South West Water hike dividends amid bill increases
1 month, 3 weeks ago

United Utilities and South West Water hike dividends amid bill increases

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 United Utilities and …

Southern Water pledges £9.7m compensation after Hampshire outage
3 months ago

Southern Water pledges £9.7m compensation after Hampshire outage

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 Southern Water is to give …

Fatcat water firm bosses are accused of fleecing households with eye-watering bill hikes to subsidise the broken industry
3 months ago

Fatcat water firm bosses are accused of fleecing households with eye-watering bill hikes to subsidise the broken industry

Daily Mail  

Fat cat water bosses were last night accused of fleecing households with eye-watering bill hikes to subsidise the broken industry – as they enjoyed bumper bonuses for failure. Mark this day, for it is the day you became angry.’ Singer turned water campaigner Feargal Sharkey said that Ofwat is making people pay 'for decades of criminal activity' Aerial view of …

Why are water bills going up so much, and what does it mean for consumers?
3 months, 1 week 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 …

The water industry got itself into a mess – why should customers pay the price?
3 months, 1 week 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, …

Households to face average £86 hike to water bills next year alone
3 months, 1 week 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
3 months, 1 week 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 …

What do rising water bills mean for YOU? All your questions answered as average household set to pay an extra £31 per year
Trending News
3 months, 1 week ago

What do rising water bills mean for YOU? All your questions answered as average household set to pay an extra £31 per year

Daily Mail  

Household water bills in England and Wales will increase by an average £31 a year over the next five years, regulator Ofwat announced today. Household water bills in England and Wales will increase by a total of £157 or 36 per cent over the next five years – an average £31 a year over that period. The Committee will hold …

Thames Water slapped with £18m fine by Ofwat for dishing out 'unjustified' dividends
3 months, 1 week 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 months, 1 week 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 …

Household water bills to rise by an average £31 a year from April
Top News
3 months, 1 week ago

Household water bills to rise by an average £31 a year from April

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 …

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 months, 1 week 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 …

Government breached law by allowing water firms to discharge sewage, watchdog finds
3 months, 1 week ago

Government breached law by allowing water firms to discharge sewage, watchdog finds

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. Summary The Office for Environmental Protection ruled that the UK government and regulatory bodies …

Creditors in High Court row over Thames Water restructuring plans
3 months, 1 week ago

Creditors in High Court row over Thames Water restructuring plans

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. But this is opposed by a secondary group of …

UK water companies 'must do more to help bill payers'
3 months, 1 week ago

UK water companies 'must do more to help bill payers'

China Daily  

A vehicle enters Thames Water's Mogden sewage treatment works in West London, England in this file photo. BEN STANSALL / AFP Water companies in England and Wales have been urged to offer more help to vulnerable customers and bill payers ahead of the latest round of price increases, due to be announced this week. For the last few years, privatized …

UK water companies 'must do more to help bill payers'
3 months, 1 week ago

UK water companies 'must do more to help bill payers'

China Daily  

A vehicle enters Thames Water's Mogden sewage treatment works in West London, England in this file photo. BEN STANSALL / AFP Water companies in England and Wales have been urged to offer more help to vulnerable customers and bill payers ahead of the latest round of price increases, due to be announced this week. For the last few years, privatized …

Households ‘to be hit with hike in water bills of at least 20 per cent’ sparking backlash
3 months, 1 week 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 boss defends bonuses and repeats calls for steep bills hikes
3 months, 2 weeks 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 …

Water firms blocked from using customer cash for ‘undeserved’ £6.8m boss bonuses
4 months 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?
4 months 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
4 months 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
4 months, 1 week 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 …

Two in five households will struggle with water bill increases, report warns
4 months, 2 weeks ago

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

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 Two in five households across …

One of Britain’s worst-performing water suppliers turns to vulture funds for rescue deal
4 months, 3 weeks ago

One of Britain’s worst-performing water suppliers turns to vulture funds for rescue deal

The Telegraph  

One of Britain’s worst-performing water companies has turned to vulture funds for crunch funding as mainstream lenders turn their backs on the beleaguered sector. Southern Water, which supplies more than 2m homes, is understood to have secured a deal with a group of hedge funds after struggling to raise fresh funding from the conventional capital markets. Last week, S&P lowered …

Thames Water: Why does the struggling water firm need emergency funding?
5 months 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 sector review could include replacing Ofwat amid row over bills and sewage
5 months ago

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

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. “The commission’s findings will help shape new legislation to …

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

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

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 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 {{ …

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

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

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. The watchdog wrote: “We will consider this additional expenditure …

What are the latest penalties for water firms, and will they reduce bills?
5 months, 2 weeks ago

What are the latest penalties for water firms, and will they reduce bills?

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. The regulator said firms were missing their targets on …

Water firms to return £158m to customers over leaks and pollution failings
5 months, 2 weeks 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
5 months, 2 weeks 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 …

Household water complaints spike amid environment and meter concerns
5 months, 3 weeks ago

Household water complaints spike amid environment and meter concerns

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. Concerns about firms’ environmental performance and water meters had …

Water nationalisation comes with more-than £99 billion price tag, minister warns
6 months ago

Water nationalisation comes with more-than £99 billion price tag, minister warns

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 Nationalising water firms would cost …

Starmer plots to raise bills to fund Thames Water bailout
6 months, 1 week ago

Starmer plots to raise bills to fund Thames Water bailout

The Telegraph  

Sir Keir Starmer is planning to allow water bills across the country to be raised to pay for a Government bailout of Thames Water. New legislation will let the Government charge all water companies the full £10 billion cost if ministers decide to take over the struggling company. Thames Water has more than £15 billion of debt, and said in …

What will it cost to finally clean up our water industry?
6 months, 3 weeks 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
6 months, 3 weeks 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
7 months, 1 week 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 …

Every single water company in England and Wales now facing huge sewage investigation by regulator
7 months, 1 week ago

Every single water company in England and Wales now facing huge sewage investigation by regulator

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 Britain’s water industry regulator is …

Water customers to receive up to £2k compensation payments for serious service failures
7 months, 2 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 …

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