Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, June 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Ofwat expands sewage probe to all water utilities in England and Wales
    Utilities

    Ofwat expands sewage probe to all water utilities in England and Wales

    July 16, 20243 Mins Read


    Unlock the Editor’s Digest for free

    Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

    Ofwat has opened cases into four more water and wastewater companies, expanding its investigation of sewage outflows to all water and sewage utilities in England and Wales.

    Severn Trent, United Utilities, Dŵr Cymru Welsh Water and Hafren Dyfrdwy will be included in Ofwat’s investigation into how companies manage their wastewater treatment works, the regulator said on Tuesday.

    David Black, chief executive of Ofwat, said it was the “largest and most complex investigation Ofwat has undertaken”.

    “The fact that Ofwat now has enforcement cases with all 11 of the wastewater companies in England and Wales demonstrates how concerned we are about the sector’s environmental performance,” he said.

    Water companies are facing an onslaught of regulatory and legal cases following evidence that they are tipping unknown quantities of raw effluent and storm water into coastal waters, rivers and lakes, risking the environment and public health.

    Last week the Supreme Court ruled that private landowners and individuals can seek redress for sewage released into UK waterways, paving the way for further legal claims.

    The Environment Agency, another regulator, is also conducting its largest-ever criminal investigation into potential widespread non-compliance by water and sewerage companies at more than 2,200 sewage treatment works.

    The string of legal cases and fines may make it harder for water companies to raise equity needed for their businesses to keep running and to improve infrastructure.

    Thames Water, the largest water utility, needs to raise £750mn from investors by next April and a further £2.5bn by 2030 if it is to avoid being taken under the government’s special administration regime, a form of temporary renationalisation.

    Colm Gibson, managing director of European economic regulation at Berkeley Research Group, said the announcement “increased uncertainty for both debt and equity investors [in water companies], with potential implications for the cost of capital Ofwat will need to allow companies to recover in the prices charged to customers”.

    Ofwat’s inquiry into whether companies are breaching their licences on sewage outflows was first opened in 2021.

    Water companies are allowed to tip a certain amount of effluent and storm water into water courses in times of heavy rain or snow melt under licences awarded by the Environment Agency.

    However there is increasing evidence that sewage is pouring into waterways even in dry periods. Ofwat can impose fines of up to 10 per cent of turnover if they are found to have breached regulations.

    Recommended

    Montage of Thames Water logo, a worker from Thames Water pumping water from a drain

    Although companies often blame unpredictable weather and climate change for causing more frequent untreated sewage overflows, a study by Imperial College London last year found that by far the biggest problem was insufficient capacity at wastewater treatment plants, which meant they were releasing sewage into waterways even during dry periods.

    Just 16 per cent of waterways in England and Wales meet minimum EU standards for ecological status and none meet the standards for chemicals, according to official Environment Agency data. 

    Investment in water infrastructure also appears to be lagging Europe. Wastewater companies in England and Wales upgrade 0.2 per cent of their assets each year, a third of the European average of 0.6 per cent, according to a 2022 report by the industry lobby group Water UK.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin Dips as Mt. Gox Trustee Moves $2.8 Billion to Cold Wallet
    Next Article Policy boost: China’s real estate market sees signs of revival

    Related Posts

    Utilities

    Bourse de Milan : progression malgré les incertitudes sur les droits de douane, bonnes performances du secteur pétrolier et des utilities

    May 30, 2025
    Utilities

    Le président de BF Utilities démissionne

    May 29, 2025
    Utilities

    Utilities Down on Rotation Out of Sector — Utilities Roundup

    May 28, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    Télécharger Glary Utilities – CNET France

    August 16, 2020

    Glary Utilities à télécharger – ZDNet

    April 4, 2022
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Investing

    Brokerages investing in future of Japan with kids’ financial ed.

    October 20, 2024
    Stock Market

    Asian Shares Slip as Focus Shifts to US Economy: Rediff Moneynews

    August 29, 2024
    Bitcoin

    Bitcoin (BTC) Price Hits $100,000 in Canada

    October 29, 2024
    What's Hot

    Late 2027 looms as ‘realistic’ date for Europe’s stock market shake up

    July 10, 2024

    US stock market news: Beware investors: Market is flashing warning signs of a possible stock slump, says Citi

    October 25, 2024

    Vivendi plans to list Canal+ on the London Stock Exchange.

    July 22, 2024
    Most Popular

    Global Forces, Political Climate Driving Bitcoin’s Latest Rally, Says VanEck Expert

    October 31, 2024

    Chine en surveillance après le gouvernement américain Embrasse du bitcoin: Grayscale

    April 2, 2025

    BTC vers 100 000 $ ?

    April 28, 2025
    Editor's Picks

    Metallis Resources Commences Phase 1 Exploration Program at Greyhound Property, Idaho USA

    July 17, 2024

    July Spot Ether ETF Launch Will Help the Token Outperform Bitcoin

    July 16, 2024

    Baton Rouge school property rates to remain at same level | Education

    August 16, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.