South East Water in spat with watchdog after £22m fine Water South East Water has entered a heated spat with the water regulator after it was hit with a £22m fine. The water firm’s fine covers multiple supply interruptions in Kent and Sussex between the period of 2020 and 2023, effecting more than 286,000 people. Ofwat said its investigations into the water firm found it had [...]
Pennon Group: FTSE 250 water firm swings to loss after parasite scandal Pennon Group, the British utility firm which owns South West Water, swung to a loss in the latest financial year after struggles driven by the Brixham water supply scandal. The FTSE 250 company made a loss of £35.1m for the year, which the firm said was in line with management expectations. It marked a steep [...]
Anglian Water gets £500m boost after criminal investigations Business Anglian Water has received a £500m boost from its shareholders just days after it was revealed it is facing a raft of criminal investigations. The company, which operates in the East of England, is owned by the Osprey Consortium which is made up of Canada Pension Plan Investment Board, Colonial First State and Industry Funds Management. [...]
Water bills to rise by an average of £123 January 30, 2025 Households can expect their annual water bill to rise by an average of £123 from April, more than the amount announced by the regulator last month, the sector’s industry body has said. According to Water UK, the average bill in England and Wales will jump from £480 to £603 in the year from 1 April, [...]
Macquarie owned Southern Water looks to borrow billions October 7, 2024 The move to borrow more cash comes following months of crisis at Thames Water, the fall-out of which is spilling out across the sector.
Pennon blames sewage leaks and pollution on ‘exceptionally high’ groundwater September 26, 2024 Water firms leaked over one trillion litres of water last year, new analysis from the Observer revealed earlier in the year.
Water firms in England and Wales lost more than 1 trillion litres in leaks last year September 8, 2024 Water firms leaked over one trillion litres of water last year, new analysis from the Observer has revealed.
Water firms’ industry body: Dividend payouts haven’t affected infrastructure investment September 1, 2024 Water companies would be in a similar state today even if they hadn't paid out millions in dividends, the boss of their industry body claimed.
Water firms warn of ‘material risk’ to stopping sewage leaks with Ofwat bill cap August 28, 2024 Plans to cap water bill increases at £19 per year would prevent suppliers from raising enough cash to improve performance, Water UK said.
Water regulator welcomes plan to boost customer compensation August 12, 2024 The water industry watchdog has said it “welcomes” the government’s plan to increase compensation for customers receiving poor services from water companies.
