Ofwat

It comes after South West Water told the regulator last month that it has terminated Tor Water’s wholesale contract due to ‘a series of outstanding undisputed payments’

Last December, the regulator said water companies across England and Wales must cut their bills by 12% before 2025

Last December, the regulator said water companies across England and Wales must cut their bills by 12% before 2025

The water regulator says returns on invested capital will be capped at a rate of 5.02%, down from the current limit of 6.64%

Thames Water, Northumbrian Water, Essex and Suffolk Water and Hafren Dyfrdwy have been put ‘on report’ by the Consumer Council for Water

The Regulators’ Alliance for Progressing Infrastructure Development (RAPID) will bring together staff from Ofwat, the Environment Agency and Drinking Water Inspectorate

The retailer says the licence will give it the opportunity to take more control over water usage and data, deal directly with wholesalers and improve its water strategy

Water companies must also invest an additional £6m each day between 2020 and 2025 to improve the environment and services for customers

The regulator said there is a ‘significant gap’ between its view of efficient costs and the revised proposals of Anglian Water, SES Water, Thames Water and Yorkshire Water

The Environment Agency has launched a criminal investigation into the case