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The Latest Breaking News from Ofwat

Water bills in England and Wales to rise by £123 on average this year

Largest price hike since privatisation is even more than the £86 predicted by Ofwat as companies add inflation on top

The Guardian - UK

Why are water bills going up so much?

Households are facing the largest rise in water bills since the privatisation of the industry 36 years ago.

Evening Standard

United Utilities and Pennon to increase dividend payments as water bills rise

Both will raise dividends in line with inflation, as South West Water and United Utilities bills to increase 23% and 32% over five years

The Guardian - UK

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United Utilities and South West Water hike dividends amid bill increases

The companies said they had agreed 32% and 23% bill increases negotiated with regulator Ofwat last year.

The Independent UK

Water industry promises £22bn of environmental investment, funded by rising bills

The Environment Agency has secured a commitment to carry out 24,000 actions over the next five years

The Guardian - UK

Water companies to invest £22bn in wide-ranging programme to protect environment

A programme of 24,000 actions will tackle pollution, clean up rivers and improve bathing spots, the Environment Agency has said.

Evening Standard

£400m for innovative water schemes to tackle pollution, leaks and climate change

Regulator Ofwat announced the doubling of funding for its Innovation Fund which has already funded concrete printing, pipebots and nature schemes.

The Independent UK

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Thames Water rescuers seek clean break before committing fresh funds

Exclusive: Some bidders demand temporary renationalisation to help cut debts and oust bosses

The Guardian - UK

What happens if Thames Water goes bankrupt?

The government could take ownership of the water company – along with its £16bn debt pile

The Independent UK

Thames Water credit rating slashed as administrators approached

Moody’s changes outlook on firm from stable to negative as financial plans ‘do not provide attractive risk-return balance’

The Guardian - UK

Severn Trent to increase shareholder dividends as water bills rise

It came as the water firm said its financial performance up to January 23 ‘remains on track’.

The Independent UK

UK government contacts potential administrators for Thames Water

Teneo, Interpath and EY among those reportedly approached for the role if company falls into bankruptcy

The Guardian - UK

Ministers must hold the line on Thames Water. Administration is better than a bailout

It seems Thames is trying to scare the government into thinking the world will end if it falls into ‘special administration’

The Guardian - UK

Water sector says it has to ‘catch up’ with investment amid scrutiny over bills

Industry leaders faced questions from MPs over price hikes and environmental performance.

Evening Standard

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The Guardian - UK

Thames Water says it will raise base pay of bosses if Ofwat limits bonuses

Struggling water firm tells regulator for England and Wales proposals would make it hard to attract talent to sector

The Independent UK

‘Forever chemicals’ found in non-stick pans and pizza boxes will cost £1.6 trillion to clean up

The toxic substances are commonplace – and very hard to get rid of

The Guardian - UK

It’s tough at the top – but which business leader has the most at stake in 2025?

From post and planes to TV, phones and retail chains – and even a central bank – here are the chiefs facing the most testing of times

The Independent UK

Sewage scandals and bill increases mark year of woe for water industry

Public fury swelled yet again at water companies’ worsening records on sewage as firms announced steep hikes to consumer bills.

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news in one place.

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The Guardian - UK

Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses

Exclusive: UK’s biggest water company assessed risks before cutting back on cost of environmental work, investigation shows

The Independent UK

Resident calls bill rise ‘bonkers’ as thousands wait for water to return

Regulator Ofwat announced Southern Water customers will face a 53% increase in bills over the next five years.

The Guardian - UK

‘These water companies have got a damn nerve’: anger in England as 58,000 homes lose supply while bills surge

Southern Water customers’ taps ran dry or lost pressure after a fault at one of its supply works

The Guardian - UK

Ofwat opts for expediency. It’s time for water companies to stop bleating

Water bill increases are at about the level most firms requested – but not so for beleagured Southern and Thames

The Guardian - UK

Water bills in England and Wales: how much more might you pay in your area?

The average bill is to rise by 36% over five years. Here’s what each firm will charge, and how they will spend the cash

The Independent UK

FTSE slumps as Bank of England holds interest rates

The FTSE 100 finished 93.79 points, or 1.14%, lower to end the day at 8,105.32.

The Independent UK

Ban water bill increases until Santa swims are no longer cancelled – MP

A Cornwall MP called for a “total ban on water bill rises” while sewage threatens Christmas-themed Santa swims and surfing events

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