privatised water

Green Party responds to increased sewage discharges by water companies

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Image of the Green Party's Carla Denyer on BBC Question Time.
Image of the Green Party’s Carla Denyer on BBC Question Time.

Reacting to Environment Agency figures showing water companies increasing sewage discharges into rivers, Green Party co-leader Carla Denyer said: 

“Water companies continue to be allowed to dump ever more sewage into our rivers, waterways and coastal waters while splashing funds at shareholder dividends and fat cat salaries for water bosses.  

“The £57bn in payouts from the water industry over the last 30 years should have gone towards improving standards.   

“Greens would end this failed experiment in privatisation, bringing the water companies back into public control so we can clean up this industry.” 

Continue ReadingGreen Party responds to increased sewage discharges by water companies

Thames Water lobbying government to let it increase bills by 40%

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Image of a burst water main.
Image of a burst water main.

https://www.theguardian.com/business/2024/feb/28/thames-water-lobbying-government-bills-dividends-fines-breaches-taxpayer-bailout

UK’s largest water company also calls for dividend payouts and lower fines for breaches to avoid taxpayer bailout

Thames Water has been lobbying the government and regulators to let it increase bills by 40%, pay lower fines for breaches and keep paying out dividends as part of efforts to avert a taxpayer bailout, according to a report.

The UK’s largest water company was trying to strike a deal with the watchdog Ofwat that would give it permission to charge customers more to avoid having to be taken over by court-appointed special administrators, the Financial Times reported.

That plan would give Thames Water permission to increase bills by 40% by 2030, while also offering more leniency around regulator fines and rules around the dividends it can pay to shareholders.

It comes as the company, which serves more than 15m households, attempts to deal with a debt pile of £14bn and widespread criticism over sewage dumping.

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https://www.theguardian.com/business/2024/feb/28/thames-water-lobbying-government-bills-dividends-fines-breaches-taxpayer-bailout

Continue ReadingThames Water lobbying government to let it increase bills by 40%