water market
The water regulator has urged water companies to demonstrate their commitment to better service and environmental improvements in the next 12 months
UK water companies seek approval for a £156 annual bill increase by 2030 to fund upgrades and address sewage issues
Experts caution Thames Water investors that if they withhold further funding and the company goes into administration, they risk losing their entire investments
Officials are reportedly considering the adoption of a similar administration regime, akin to the one implemented during the collapse of Bulb, for Thames Water
Ofwat has introduced measures to enforce monitoring of storm overflows and impose penalties on companies failing to meet spill reduction targets
Despite the widespread public support for water companies opening their data, little progress has been made in terms of opening datasets, according to Ofwat
According to Ofwat Chair, Iain Coucher, the cost of weatherproofing the network would be so high that it would be prohibitive
The water supplier reportedly installs some smart water meters without telling households
Water bills will follow the upward trend of other costs and will add an extra £31 to a typical household’s utility bills
The proposals are expected to simplify price caps applied to small businesses