water market
A group of MPs has urged the government to publish its contingency plans for bailing out Thames Water amid fears that taxpayers could be liable for significant costs
The water company has been fined £330,000 after a sewage spill near Southampton resulted in the death of nearly 2,000 fish due to a pump failure
Water companies can be fined up to 10% of their turnover for poor customer service, as new powers granted to Ofwat aim to improve industry standards and accountability
Welsh Water has announced a decrease of approximately 1% in household bills starting April, attributing the reduction to penalties for supply interruptions and leakage
Water bills in England and Wales are set to spike by 6%, adding an average of £27 per year, reaching a new annual household expense of £473
The government has introduced updated legislation addressing water company insolvency, aiming to enhance options for special administrators to restructure financially troubled companies
Jeremy Hunt has criticised Thames Water for inadequate compensation to Surrey residents facing prolonged water supply issues
Thames Water’s parent company, Kemble Water Holdings, has received a caution from auditors, indicating a potential cash shortage by April if shareholders fail to inject additional funds
Helen Campbell has been appointed as an Executive Member to Ofwat’s Board and will serve as the Senior Director for Sector Performance, responsible for enhancing water company performance
The regulator will apply the recovery mechanism from next year to block customers from covering inappropriate executive bonuses and will continue to report on bonus reviews annually