01 Nov 2023
Ofwat has published the Monitoring Financial Resilience (MFR) report 2022-23, which aims “to promote a focus on efficient investment that secures long-term resilience and delivers long-term value for money for customers and the environment”. According to the report, the water sector has attracted £4.6bn in additional money from shareholders since 2020, helping to improve the […]
25 Oct 2023
Ofwat has published key facts from water companies’ business plans 2025-2030, with information on proposed increases in investment and customer bills. The regulator is currently scrutinising these plans, including looking at water companies’ ambition for customers and the environment and the affordability of plans for customers. The proposals could see bills increase significantly by 2030, […]
12 Oct 2023
With party conference season coming to an end and a general election on the horizon, it’s worth looking at what a new government might mean for the water sector. The Labour Party said it would empower the water regulator Ofwat to ban the payment of bonuses to water bosses who are found to pump significant […]
12 Oct 2023
Visualising carbon and cost hot spots during design decision making. A new project led by Anglian Water and developed thought the Ofwat Innovation Fund aims to support organisations to explore how they can deliver low whole life carbon and cost solutions. Aligned to PAS2080, it provides the detail on the processes, systems, behaviours and culture […]
05 Oct 2023
Water company business plans have been submitted to Ofwat. The five-year plans cover the period 2025 to 2030 and collectively amount to £96 billion of proposed investment, an 88% increase on the previous five years. According to the sector body Water UK, the investment “will secure water supplies against the rising prevalence of drought, ensure […]
26 Sep 2023
Ofwat has published the Water Company Performance Report 2022-23. It looks at the performance of the 17 largest water and wastewater companies in England and Wales across a set of key performance and expenditure metrics. According to Ofwat, “Under-performance by the majority of water and wastewater companies in England and Wales, will mean companies have […]
13 Sep 2023
The government’s environmental watchdog, the Office for Environmental Protection (OEP), has identified possible failures to comply with environmental law by the Department for Environment, Food and Rural Affairs (Defra), the Environment Agency and Ofwat in relation to the regulation of combined sewer overflows (CSOs). The failures relate to a possible misinterpretation of the law, which […]
06 Sep 2023
Ofwat, the economic regulator for the water sector in England and Wales, is calling on water companies with bold and innovative projects to solve some of the water sector’s biggest challenges to apply to win the fourth Water Breakthrough Challenge. To date, Ofwat’s £200 million Innovation Fund has awarded more than £105 million to projects […]
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