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Water companies’ revised PR24 spend to rise to almost £100bn

Water companies’ revised PR24 spend to rise to almost £100bn

Water companies' projected spending for 2025-30 is expected to rise to almost £100 billion, Utility Week analysis reveals. Customer bills are set to rise further to foot the additional costs, with eight companies already announcing additional hikes on top of those declared when business plans were first submitted in October 2023. The majority of companies have now published updates to their PR24 plans in response to initial feedback from Ofwat, with only Thames and Portsmouth yet to announce their revised costs.

15 hours ago

Water companies slammed for failing to engage with customer groups

1 month ago

Ofwat lowers customer returns by £43m

5 months ago

Breaking down the water sector’s postcode lottery

The current disjointed approach to social tariffs in the water sector leaves consumers at the mercy of a postcode lottery.  With each water company setting its own support mechanisms, calls for a single social tariff have increased during the cost-of-living crisis. While water companies do all offer financial help to billpayers, the generosity of support available varies from company to company. As part of our Action on Bills campaign, Utility Week has broken down the support currently offered by the country’s water companies.

11 months ago

Water chiefs warn CSO data misses harm caused

1 year ago

Severn Trent tenders for natural capital partners

Severn Trent has launched a tender process for supply chain partners specialising in natural capital solutions ranging from reedbeds and wetlands to chemical reduction solutions and natural flood management. The company said it was taking a "unique" approach to the process to help meet its carbon reduction and environmental improvement ambitions.

1 year ago

South West added to Ofwat wastewater probe

2 years ago

Innovation round-up: SVT seeks partners for £2.5bn capital projects, Google Maps to boost safe digging

2 years ago

SVT seeks partners for £2.5bn capital programme

2 years ago

Sector urges customers to seek support as water bills creep up

2 years ago

Ofwat concerned about finances of SES, Southern and Yorkshire

2 years ago

SVT to add 95Ml/d of ‘low-carbon’ water supplies

3 years ago

Ofwat names innovation competition winners

3 years ago

Study suggests £720m cost to plug water poverty gap

The cost to plug the "water poverty gap" could be up to £720 million, according to a report commissioned by Water UK. It shows the number of people living in water poverty in England and Wales is greater than previously calculated as of 2019/20, with more than 4 million households struggling to pay their bills.

3 years ago

Severn Trent trials novel pipe renewal technology

3 years ago

Water bills to fall amid surge in uptake of support

Household water bills are set to drop by an average of £2 from April, which after inflation will be the same rate as a decade ago. Bills and reductions vary between companies, but most households will save at a time when more customers across England and Wales are accessing payment support schemes than ever before.

3 years ago

Water sector failing on PCC and pollution targets

Most water companies in England and Wales are failing to meet their per capita consumption targets, with overall performance deteriorating by 2 per cent since 2012/13 and pollution incidents up year on year, Ofwat’s service delivery report for 2018/19 has shown.

3 years ago

Ofwat adjusts price controls

Ofwat has adjusted water company price controls to reflect actual performance in 2019/20 instead of forecasted data. Thames, Southern, Yorkshire and Anglian saw the biggest change to allowed revenue for the so-called blind year

3 years ago

What next for water companies working with lower WACC?

4 years ago

Covid-19 bad debts hit water sector ratings

After a ripple of downgrading in the water sector on the back of final determinations earlier this year, companies are further challenged by the financial impacts of Covid-19. Fitch warns there is limited headroom for manoeuvre

4 years ago

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