MPs call for Thames Water bailout plan disclosure

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

Southern Water fined £330k as sewage spill kills 2,000 fish

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 face fines for poor customer service

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 cuts bills

Welsh Water has announced a decrease of approximately 1% in household bills starting April, attributing the reduction to penalties for supply interruptions and leakage

UK water bills to rise 6%

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

New rules for water company insolvency in UK

The government has introduced updated legislation addressing water company insolvency, aiming to enhance options for special administrators to restructure financially troubled companies

Chancellor urges Thames Water on Surrey compensation

Jeremy Hunt has criticised Thames Water for inadequate compensation to Surrey residents facing prolonged water supply issues

Thames Water faces cash crisis warning

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

Former National Grid Director joins Ofwat Board

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

Ofwat cracks down on water company executive pay

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