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The Latest Breaking News from Ofwat

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.

Evening Standard

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

The Guardian - UK

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

Evening Standard

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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

Ideal Home

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

The Guardian - UK

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%

Evening Standard

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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.

The Independent UK

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.

Evening Standard

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

Utilities including beleaguered Thames Water have applied to the regulator, Ofwat, to hike tariffs so they can upgrade their networks

The Independent UK

Water companies raise bonuses to £9.1m despite record sewage discharges

Third of total comprises bonuses at Severn Trent as indebted Thames nearly doubles payouts to executives

The Guardian - UK

Water firms ‘laying groundwork’ to appeal against Ofwat bill rise cap, says Moody’s

Credit rating agency expects English and Welsh companies to challenge regulator’s ruling with CMA watchdog

The Guardian - UK

Top-rated UK water firms ‘dumped 1,374 illegal spills into rivers’

Exclusive: United Utilities and Severn Trent had four-star environment ranking but discharges breached permits, campaign group says

The Guardian - UK

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The Guardian - UK

Don’t indulge the Thames Water whingers next week, prime minister

Labour should stand firm at its investors summit and remind attenders that the UK’s utilities sector is eminently investable

The Guardian - UK

English water system singled out for criticism by UN special rapporteur

Prof Pedro Arrojo-Agudo says regulator Ofwat ‘complacent’ about water firms putting their shareholders before public

The Independent UK

Water companies to pay £160m back to customers – how to get your share

Customers will get their refunds next year – but some will be given more than others

The Guardian - UK

Water companies in England and Wales told to pay £158m penalty to customers

Ofwat says firms must lower bills next year after poor performance on issues such as sewage spills and leaks

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The Guardian - UK

Shein’s UK profits double; Water companies penalised for poor performance; China targets EU brandy – as it happened

Rolling coverage of the latest economic and financial news, as UK gilt yields rise and water companies face paying £157m to customers

Evening Standard

Water companies ordered to return £158m to customers next year after missing key targets

For the second year in a row, no company achieved the top rating, although four companies did show an improvement from last year.

The Independent UK

Water companies must return £157.6m to customers over poor performance

Not one company has achieved the regulator’s top category, while three are in the lowest category of ‘lagging’

The Guardian - UK

Southern Water seeks to borrow up to £4bn from investors

Move could increase pressure on utility companies turning to bond markets amid crisis at Thames Water

The Guardian - UK

Unresolved water complaints in England and Wales rise to near-decade high

Customer disputes over sewage spills, billing mistakes and water meters soar in past year

The Guardian - UK

Small firms face near-30% rise in water bills, Ofwat letter reveals

Businesses in England and Wales say they are paying for ‘historic errors’ by water suppliers

The Guardian - UK

Thames Water could be blocked from new debt financing next week

Troubled firm has until 7 October to agree to extension, according to holding company accounts

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