News Centre - Ofwat
Dec 19, 2024 · News Centre Top Stories Ofwat approves £104bn upgrade to accelerate delivery of cleaner rivers and seas and secure long-term drinking water supplies for customers
Ofwat sets out record £88 billion upgrade to deliver cleaner rivers …
Jul 11, 2024 · Ofwat has today proposed allowing a spending package of £88bn by water companies. £35bn of the expenditure reflects the investment needed to reduce pollution, improve customer service, river and bathing water quality, and …
Ofwat calls on water sector to improve its performance after …
Oct 8, 2024 · Ofwat has today published its annual Water Company Performance Report which shows disappointing results. This demonstrates that record investment alone in the next five-year period will not deliver the sustained improvements to services and the environment needed to rebuild public trust.
Home - Ofwat
Dec 19, 2024 · The Water Services Regulation Authority, or Ofwat, is the body responsible for economic regulation of the privatised water and sewerage industry in England and Wales. The Environment Agency is responsible for environmental regulation, and the Drinking Water Inspectorate for regulating drinking water quality.
Corporate releases - Ofwat
Nov 21, 2024 · Ofwat launches new standards to improve services for customers who need extra help. 7 November 2024 . Response to CCW report on 2024 Price Review affordability and acceptance. 6 November 2024 . Ofwat opens consultation on new powers in …
73% of bonus payments will not be paid for by customers, says …
Nov 21, 2024 · Ofwat has today announced that new rules on exec bonuses and on dividends are beginning to bite in their first full year of operation, in 2023-24 financial year. These rules require water companies to demonstrate that executive bonuses …
PN 39/22 Worst performing water and wastewater companies …
Dec 8, 2022 · Despite some improvements across the industry, Ofwat is deeply concerned by those that are lagging behind expectations and these companies are now required to explain what has led to their poor performance and present a clear action plan to turn this around.
Ofwat finds Thames Water has broken dividend payment rules
Dec 19, 2024 · In relation to the March 2024 dividend payments and Ofwat’s concern that the surrender of tax losses by Thames Water to other Kemble Group companies has resulted in the extraction of value from the regulated company, Ofwat has the ability to recover this value, via an adjustment in the price control, to ensure that customers are protected.
Thames, Yorkshire and Northumbrian Water face £168 million …
Ofwat has today (6 August 2024) proposed that three water companies will be fined a total of £168m for failing to manage their wastewater treatment works and networks, as part of the first batch of outcomes from its biggest ever investigation.
Final determinations - Ofwat
Dec 20, 2024 · The 2024 price review final determinations will see a quadrupling of new investment in the water sector over the next five years.