Tag

Ofwat

All articles tagged with #ofwat

environment1 year ago

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.

business2 years ago

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.