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Thames Water blamed its failure to deliver the schemes on macroeconomic events, including the COVID-19 pandemic and rises in inflation, plus supply chain problems and competing pressures to create more storm tank capacity. [91] In August 2024, Thames Water was fined £104m by Ofwat for failing to manage its wastewater treatment works and ...
What could this mean for Thames Water and customers? Bill rises for all companies until 2030 have already been announced by the regulator Ofwat, with Thames Water bills rising from an average £ ...
Thames Water saw a 40% increase in pollution incidents in the first half as its debts continued to spiral. The company reported 359 so-called category one to three pollution incidents in the six ...
The crisis engulfing Thames Water, which serves 15 million customers in London and the south-east, comes amid renewed focus on the industry which over the last year has been condemned for sewage ...
The boss of Thames Water has defended executive bonuses as the firm calls for a hike in customer bills to ensure its survival. Chris Weston said the supplier needed to offer "competitive packages ...
Most drinking water consumed in London comes from the River Thames and the River Lee. Approximately 70% of all water supplied to London is taken from the Thames upstream of Teddington Weir. [6] Greater London is currently supplied by four companies: Thames Water (76% of population), Affinity Water (14%), Essex and Suffolk Water (7%) and SES ...
In 1989 the Thames Water Authority was partly privatised, under the provisions of the Water Act 1989 [3] with the water and sewage responsibilities transferring to the newly established publicly quoted company of Thames Water, and the regulatory, land drainage and navigation responsibilities transferring to the newly created National Rivers Authority which later became the Environment Agency.
Thames Water, which has a £14 billion ($17.9 billion) debt pile, anticipates that an extra £2.5 billion ($3.2 billion) of equity funding will be needed in the five years to 2030 to help it ...