The Latest Breaking News from Ofwat

Thames Water owner hit by second credit rating downgrade in six months

Moody’s move comes as it warns of ‘materially’ increased risks that regulators will block dividend flow

The Guardian - UK · Dec 15, 2023

Thames Water appoints Chris Weston as boss with up to £2.3m package

Former British Gas executive tasked with leading turnaround in face of debts and controversy over sewage

The Guardian - UK · Dec 14, 2023

If Thames Water has to be nationalised, so be it. Ofwat should not be bullied

MPs should demand shareholders invest on fair terms for customers. If they refuse, they should be wiped out

The Guardian - UK · Dec 12, 2023

Ofwat investigates whether Thames Water dividend is licensing breach

Exclusive: Debt-laden water supplier says it has paid £37.5m dividend from operating company

The Guardian - UK · Dec 5, 2023

Labour to urge MPs to ban bonuses for water firm bosses over sewage dumping

Motion will force Tory MPs to say whether bonuses can still be paid despite poor state of English and Welsh waterways

The Guardian - UK · Dec 4, 2023

South East Water under investigation over supply failures

Company blamed increased working from home in south-east of England for hosepipe ban

The Guardian - UK · Nov 16, 2023

Ofwat accused of ‘meaningless gesture’ after reducing Thames Water penalty

Regulator cuts amount company will have to pay for underperformance by almost £5 for each customer

The Guardian - UK · Nov 14, 2023

Alarm raised over water firm job of new environment secretary’s wife

Steve Barclay married to executive at Anglian Water, which is under investigation for potential illegal dumping of raw sewage

The Guardian - UK · Nov 14, 2023

Millions of customers to get lower water bills as firms miss targets - check if you’re one of them

Water watchdog confirms amount customers will see knocked off their bills over 2024 and 2025

The Independent UK · Nov 14, 2023

Thames Water told to give back £74million to customers after poor performance

The amount watchdog Ofwat has told the water company to return is the highest in the UK

Evening Standard · Nov 14, 2023