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Water supply issues plagued the UK after a rapid thaw caused multiple pipe bursts, and water companies have taken the rap for being ill-prepared. Katey Pigden reports.
7 years ago
Coca Cola European Partners (CCEP) has been granted a self-supply licence to supply its own water and wastewater services.
Ofwat has been asked to report to the government by the end of the month with “initial lessons” about water supply disruptions throughout the country following the cold spell and rapid thaw.
Highly leveraged water companies could be forced to seek “fresh equity” because of increased regulatory pressure including possible licence changes, according to Moody’s Investors Service (Moody’s).
Ofgem has proposed to revert to a five-year price control period for energy network companies, replacing the eight-year period introduced in 2013 with the initiation of RIIO.
Ofwat has urged water companies “not to wait” when it comes to innovation as the sector could risk getting left behind.
Several water companies have "fallen well short" on their forward planning to ensure the recent adverse weather did not impact water supplies, Ofwat has said.
Ancala got outbid by Severn Trent for Dee Valley Water, but it found itself in a field of one when chasing Portsmouth. Katey Pigden asks whether we can expect more WOCs to change hands.
Environment secretary Michael Gove has accused some water companies of exploiting their monopoly power by “playing the system”.
The water sector has been warned the cost of building new reservoirs is “peanuts” compared to the potential economic loss a drought would cause.