Tag

Ofwat

All articles tagged with #ofwat

business1 month ago•4 min saved

Water sector to face MOT-style checks and a bold regulator overhaul

Britain's government unveils a sweeping reform of the water sector in England and Wales, introducing unannounced inspections, regular MOT-style checks, mandatory water-efficiency labels on appliances, and dedicated company-by-company oversight teams, plus a new regulator with a chief engineer role to replace Ofwat. The aim is to tackle long‑standing pollution, leaks and outages after public anger and a string of incidents, though critics say the reforms stop short of full structural change to the privatised system. A £104 billion five‑year investment plan backs the overhaul, with changes expected to take time to bear fruit as a new regulator timeline unfolds; recent events such as South East Water outages and record sewage discharges in 2024 underscore the pressure for meaningful reform.

via BBC|

#appliance-labels #business #ofwat

environment2 years ago•4 min saved

Campaigners Call for Bonus Ban on Water Bosses Over Sewage Spills

Campaigners are calling for an immediate ban on bonuses for water company executives if their firms cause environmental harm, such as illegal sewage spills into rivers. The UK's water companies have faced criticism over leaks and sewage discharges, and the regulator Ofwat is considering plans to ban bonuses for bosses found to have harmed the environment. The government hopes the policy will apply to bonuses for the next financial year, and there are calls for stricter measures to hold water companies accountable for environmental and customer service failures.

via BBC.com|

#bonuses #environment #environmental-damage

business2 years ago•2 min saved

Thames Water Faces Financial Struggles and Rising Water Bills

Water companies in the UK are expected to request bill increases in 2025 to fund improvements in services, according to regulator Ofwat. The move comes after criticism of major providers for sewage spills and leaks, as well as their heavy debts. Ofwat boss David Black acknowledged the need for improvement and expressed concern over excessive CEO pay in the industry. Former environment secretary George Eustice predicted an average increase of £42 per household, while Water UK stated that any rises would be determined by the regulator. Thames Water, currently facing financial difficulties, has until early next year to secure funding to service its £14bn debt.

via BBC|

#business #investment #ofwat