Ofwat
Environment Minister Rebecca Pow said while water companies coped well under increased pressure during the lockdown, she made clear much stronger action is needed on environmental priorities
Bethan Evans will take on the role from 1st September 2020
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
Popular Posts
-
Giant Tesla batteries help balance UK’s electricity grid for the first time
-
US startup unveils battery made from nuclear waste that could last up to 28,000 years
-
Global coalition launches liability roadmap to make big polluters pay
-
Smiley face emoticons “save people energy”
-
Coronavirus face masks ‘could have a devastating effect on the environment’
-
US Government awards carbon capture project with $1.5m additional funding
