About damned time, though giving OFWAT the power to ban bonuses for failure and actually having it happen are quite different things.

#UKWater
#OFWAT
#ThamesWater

https://www.theguardian.com/business/2025/may/15/ministers-to-block-thames-water-paying-bosses-bonuses-out-of-emergency-loan

Lol, remember when people thought Labour would do something about this?

I don't think some dodgy trade deal with a Fascist is really going to make people forget stuff like this.

#Labour #OfWat #ThamesWater #Sewage #WaterPrivitisation #UKPOL #UKPolitics

“Some water boss bonuses in England could be banned, says Ofwat.” Only some? #Water #Ofwat

#ThamesWater are going to use £1.5billion pounds out of the £3billion pounds that they have been recently allowed to receive to appeal against the #ofwat decision to limit the amount of money they can charge customers.

That is fucking outrageous!

Go fuck yourselves Thames Water

https://www.theguardian.com/business/2025/mar/14/thames-water-asks-ofwat-to-be-spared-fines-costs

#ThamesWater #UKPOL #UkPolitics #Sewage #Ofwat

" #WaterCompanies have built up over £60 billion in debt, and now they want to raise customer bills to bail them out for their mistakes.

[But] #Ofwat has approved water companies' proposals to hike our water bills to pay for infrastructure updates.

Private water companies have been pillaging our system for years, making millions in profits, bonuses and shares - all while continuously failing to invest in ageing systems and flooding our rivers and seas with sewage. "

https://act.38degrees.org.uk/act/no-water-bill-hikes

Lid Dems standing up for the public again, Labour and the two Blue Teams are perfectly happy for the Rich to continue exploiting our water.

#UKPOL #UKpolitics #OFWAT #ThamesWater #Sewage

In December 2024, #ThamesWater was fined £18.2m for "unjustified" dividends, which, #ofwat, the regulator, said broke shareholder payment rules.

Over the five-year period between 2024/25 and 2029/30, the average water and sewerage bill was expected to increase by £157 (36%). However, you'll likely pay even more than this in reality because that forecast figure DOES NOT include more recent bill adjustments or inflation (which will be added on top).

#NationaliseIt

Since creation as a private company, #thameswater has given £83 billion to its shareholders. It is now £19 billion in debt.

How has this been allowed to happen?

The uselessness of #Ofwat and the Environmental Agency that's how

NATIONALISE IT Today
. pay the shareholders off with gilts

It's only gonna get worse

Xx

“Royal Mail should cut second-class delivery days, says regulator Ofcom.” Aren’t these regulators supposed to stick up for customers. The water and power ones are no use either. #Ofcom #Ofwat #RevolvingDoor

Disgusting. The public are being robbed broad daylight. #ofwat

RE: https://bsky.app/profile/did:plc:v37jbm7ajyevhnygruyftjbc/post/3lgxoto5gus2n

If you're in the UK, please share your views on water mismanagement and pollution with Ofwat here:

https://speakout.38degrees.org.uk/surveys/5156?

#Water #Pollution #Ofwat #SewageScandal #Sewage #PublicConsultation #Consultation #WaterPollution #Mismanagement

Meanwhile at Thames Water, creditors are engaged in a civil war over the restructuring plans of the largest firms, which the 'junior' creditors see as both attempting to sidestep OFWATs (albeit weak) regulatory scope & likely to make it harder to raise further capital in the future.

What are the views of OFWAT?
yup you guessed it, their feigning disinterest, claiming its up to TW to come up with a plan... if this is what regulation looks like, no wonder we're in trouble!

#Water #OFWAT
h/t FT

Here’s the important thing about regulators, in case anyone should miss it. Which Keir Starmer obviously has:

“On the other side of the argument will be groups in various sectors where there is a regulator, who argue that what the government sees as obstacles are in fact necessary rules.”

https://www.bbc.co.uk/news/articles/cy0n14ywzqpo

#KeirStarmer #Labour #Economy #Regulation #Ofgem #Ofwat #FCA

https://weownit.org.uk/act-now/stop-the-bill-hikes

" #Ofwat has announced that privatised water firms have the green light to hike YOUR bills by up to £220 by 2030.

But #MPs will soon vote on legislation that could stop the hikes and bring firms into #publicOwnership.

Ask your #MP to oppose the bill rises and make firms work for people and planet, not just for profit. "

Ofwat need pumped down a sewer pipe. Another corrupt regulator, stuffed with water company insiders. We live in one of most corrupt nations in the world, and Labour's doing nothing about it, because Starmer's part of the system. #labour #ofwat #nationlise

RE: https://bsky.app/profile/did:plc:jr6czrqcucn475vexy5ipjdh/post/3ldpuhosytc2r

Disgusting. Water companies ripped off customers for shareholders gain, yet expect the customers to pay for a poorly managed service. #OFWAT is not fit for purpose and the blue labour government are doing *nothing* to manage the regulator.

David Black of #OFWAT you should be ashamed of yourself. A paltry £18M fine for breaching divided rules. The CIO/CFO should have been arrested and charged with fraud.

OFWAT is corrupt.

https://www.theguardian.com/money/2024/dec/19/water-bills-for-households-in-england-and-wales-to-rise

@feargal_sharkey

I know that this sounds expensive and sounds like the water companies are just taking the piss, but what you have to remember is that it's very expensive to do all the maintenance on the CEOs' yachts.

https://www.bbc.co.uk/news/articles/cvgx3rv7p21o

#WaterBills #WaterCompanies #OFWAT

I guess #transport and #water privatisation have taught us one thing in the UK. Some things should just be left public. #Ofwat