Utilities

Water watchdog is chasing its tail on executive bonuses | Nils Pratley

New rules on bonuses are “beginning to bite”, the regulator Ofwat has said as it detailed how nine water companies would “not be using customers’ money” to fund a...

UK energy suppliers to spend £500m to cushion pain of rising bills

Energy suppliers will spend £500m helping customers with their energy bills this winter, after the government helped broker...

E.ON must pay £14.5m to prepayment customers after billing failures

The energy regulator has ordered power supplier E.ON Next to pay £14.5m in compensation to nearly 250,000 prepayment...

Thames Water should explain its murky logic on fundraising

Congratulations to Thames Water: it is not going bust early in the new year. Probably. The necessary three-quarters...

Thames Water is desperate for cash. But board should still exploit bondholder rivalry | Nils Pratley

Roll up, roll up, who wants to lend £3bn to Thames Water, a company already drowning in debt?...

Water firms ‘laying groundwork’ to appeal against Ofwat bill rise cap, says Moody’s

Water companies are “laying the groundwork” to appeal against Ofwat’s decision to rein in how much they can increase customers’ bills, according to a...

Don’t indulge the Thames Water whingers next week, prime minister | Nils Pratley

The Labour government’s first international investment summit arrives next week, a chance for ministers to advertise the splendid opportunities available to global funds under...

English water system singled out for criticism by UN special rapporteur

The privatised English water system has been singled out for criticism by the UN special rapporteur on the human right to clean water.Prof Pedro...

Thames Water could be blocked from new debt financing next week

Thames Water has said it could be blocked from raising new debt as early as next week, as the struggling water company fights for...

Thames Water credit ratings slashed to lower levels of junk as default fears grow

Thames Water’s debt rating has been slashed to the lower levels of junk by two major credit rating agencies, piling further pressure on the...

Many protected landscapes owned by English water firms in disrepair, data shows

Water companies are allowing important natural landscapes they own to fall into disrepair, data shows, with only 16% of sites of special scientific interest...