19 Dec 2024
Ofwat has approved £104 billion of investment by water companies in England and Wales over the next five years. The level of the final determinations is close to the £105 billion the industry initially requested, and far more than the £88 billion Ofwat proposed in its draft determination. Photo credit: Alaur Rahman Key […]
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
It’s not just in the UK that massive investment in water and wastewater services is planned over the next few years. Uisce Éireann (formerly Irish Water) says that sustained high levels of funding will be required to address all priority issues and estimates it will require a minimum investment of €55-€60 billion up to 2050 […]
16 Oct 2024
According to the Guardian, Small companies in Suffolk that manufacture drinks have been told to keep a lid on their water usage for most of the next decade, amid concerns at their supplier that it will be unable to meet rising demand. Essex and Suffolk Water has imposed a “moratorium” on new mains-water connections for non-domestic use […]
25 Sep 2024
Reported in City AM Singapore’s sovereign wealth fund has reportedly told the government that it will not invest in regulated UK water, electricity and gas utilities due to unpredictable rules on infrastructure, in a blow for Labour’s economic strategy. GIC, the world’s seventh-largest sovereign wealth fund with more than $800bn (£600bn) in assets, declared its […]
05 Sep 2024
Water UK, the trade association for the water industry, has published its response to Ofwat’s recent draft determination, which gives the economic regulator’s initial view of water company business plans for the forthcoming five year period, 2025 to 2040. In its submission Water UK urges Ofwat to back company plans in full and ensure the […]
27 Aug 2024
A £60m transformation of a Pembrokeshire dockyard could see 1,800 jobs created. The Pembroke Port was officially reopened on 21st August as a “world-class centre” for wind, wave and tidal power projects. 1,800 new jobs It is proposed the £60m project will help turn the site into a renewables port by creating a hub for […]
31 Jul 2024
One of the major credit rating companies, Fitch Ratings, has warned that some UK water companies will “find it challenging” to maintain existing ratings for AMP8 In a new report, Fitch says the Draft Determinations recently announced by UK water regulator Ofwat for the AMP8 April 2025 to March 2030 investment period, introduces several significant changes […]
