30 Oct 2024
Thames Water has secured a £3 billion loan, ensuring the company can continue to operate into 2025. The fresh funds are meant to act as “liquidity bridge” to “stabilise the business” and give it time to secure long-term investment, its chief executive, Chris Weston, said on Friday. It will further balloon its operating company’s debt […]
30 Oct 2024
Severn Trent has launched a new incentive scheme in partnership with Nectar360, which owns and operates Nectar, rewarding customers for adopting a smart meter and reducing their water usage. The scheme will see Nectar account holders rewarded with extra points for demonstrating lower water usage through their smart meters. Photo credit: Neal Smith […]
23 Oct 2024
Defra has announced the launch of an Independent Commission into the water sector and its regulation, in what is expected to form the largest review of the industry since privatisation. The Commission forms the next stage in the Government’s long-term approach to ensuring we have a sufficiently robust and stable regulatory framework to attract the […]
23 Oct 2024
More than half the world’s food production will be at risk of failure within the next 25 years as a rapidly accelerating water crisis grips the planet, unless urgent action is taken to conserve water resources and end the destruction of the ecosystems on which our fresh water depends, experts have warned in a landmark […]
23 Oct 2024
As part of its response to Ofwat’s Draft Determinations, Water UK commissioned Oxera, an economics and finance consultancy, to engage with 30 major investors in the England and Wales water sector to understand their views on the sector and its regulatory framework. This report summarises the views expressed by these investors. Among the key findings […]
23 Oct 2024
Reported in The Guardian Bonuses for water company bosses in England and Wales rose to £9.1m this year despite record sewage discharges into rivers and seas. More than a third of that total comprised bonuses at Severn Trent, which was fined £2m this year for “reckless” pollution but lifted its bonuses to £3.36m. Thames Water […]
23 Oct 2024
The changing climate means we will see more extreme weather in the coming years, the National Drought Group heard at its latest meeting (16 October 2024), which was attended by Water Minister Emma Hardy. The Environment Agency chaired a routine meeting of the expert group in which it was confirmed that water resources are currently […]
23 Oct 2024
A water company repeatedly dumped millions of litres of raw sewage illegally into one of England’s most famous lakes over a three-year period, the BBC can reveal. More than 140 million litres of waste were pumped into Windermere between 2021 and 2023 at times when it was not permitted, our analysis shows, and United Utilities […]
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