03 Dec 2024
The Water Sector Multi-capitals Network has launched the Principles of multi-capitals approaches to decision making. Despite variations in approaches towards multi-capitals accounting, the principles laid out in this paper will support consistency and alignment, and support better decisions to be made using multi-capital information. Multi-capital approaches should be comprehensive, trustworthy and useful. This paper will help […]
30 Oct 2024
Following last week’s announcement of an Independent Commission into the water sector and its regulation, Defra has published the Terms of Reference. The government says the “sector should become one of growth and opportunity, which will restore our rivers, lakes and seas to good health, deliver a resilient and efficient water supply in the face […]
30 Oct 2024
According to The Observer, Water firms “passed” thousands of pollution tests under a self-monitoring regime … yet the tests were never even conducted, the Observer can reveal. The water firms’ own operational data for sewage plants across the country reveals how outflows of effluent had stopped – in some cases for just a few hours – on […]
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
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 […]
09 Oct 2024
Ofwat’s latest Water Company Performance Report covering the 16 largest water and wastewater companies in England and Wales shows that “companies are making progress in some areas, but in other areas performance is unacceptable”. Credit: Tom Fisk Key points Poor performance costs water sector £157.6m this year as companies fall further behind on some […]
09 Oct 2024
The Environment Agency has published analysis of the water resources management plan annual review submissions from water companies across England for the period April 2023 to March 2024. Credit: Tom Fisk According to the Agency, this reporting year’s wet weather has provided respite for the industry following the widespread drought conditions in 2022. […]
