19 Dec 2024
The Water (Special Measures) Bill was debated in the House of Commons on Monday evening at second reading stage. There is general cross-party support for the Bill, and MPs expressed anger over pollution, investment, dividends and lots more. There was also quite a lot of criticism for Ofwat. You can read the debate here and […]
19 Dec 2024
The government has confirmed that water customers around the country will benefit from significantly higher payments to compensate them for water company service failures. Photo credit: Ekaterina Belinskaya Following public consultation, new and increased compensation will be compulsory for water companies to pay to customers and businesses in the event of issues like water […]
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 […]
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