Company strategy

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Strikes loom at Thames and Scottish Water

Industrial action is on the horizon at both Scottish Water and Thames Water following disputes about pay. Workers at Scottish have already voted overwhelmingly to strike, while Thames workers are due to vote on a final pay offer negotiated with union bosses. GMB – which represents workers at both water companies – said that it doesn't think a better deal can be achieved through further negotiations with Thames Water, and a union spokesperson added that strike action is likely to follow if members vote against the deal.

2 years ago

Ofwat flags financial concerns with half of water companies

2 years ago

EDF and Ovo weigh in on Utilita CMA appeal

2 years ago

Octopus CEO: DFS was best driver of smart meter uptake

2 years ago

A quarter of customers cannot repay energy debt

2 years ago

MPs urged to investigate Scottish Power PPM warrants

2 years ago

Thames ring-fences extra £500k for vulnerability support

Thames is dedicating £500k through its Trust Fund initiative to support financially vulnerable households in London and the Thames Valley. This includes £400k in grants to debt and money advice services across the region and £100k to a household pot that customer service employees can direct billpayers to.

2 years ago

Financing doubts cast over water company business plans

Financing of water company plans for 2025-30 is reliant on huge sums of equity being put forward by investors at a time when returns are squeezed and the sector faces myriad performance challenges. For these reasons attracting the investment needed may be tougher than previous AMPs, analysts have warned.

2 years ago

Weekend press: Hydrogen boiler push to continue despite verdict of UK watchdog

In our latest round-up of national press coverage, the government and sections of UK industry will reportedly continue to back the prospect of using hydrogen for home heating, despite recent warnings against the technology from the National Infrastructure Commission. Elsewhere, concerns are raised about the impact of a lack of port infrastructure on offshore wind, while plans by Labour to incentivise take up of electric vehicles are revealed.

2 years ago

Utility Week Awards 2023 shortlist revealed

2 years ago

Scottish Power granted PPM warrants

2 years ago

Ofgem slams Utilita’s ‘ill-founded’ CMA appeal

2 years ago

Tougher targets and increased investment to weigh on water credit ratings

2 years ago

Customer service standards for retailers tightened

2 years ago

Thames: No dividends coming this decade

Shareholders in Thames Water are unlikely to see a dividend payment before 2030, interim co-chief executive Cathryn Ross has said. The former Ofwat boss also bemoaned a “backwards looking and risk averse” regulatory regime and a lack of co-ordination between the various bodies overseeing the sector.

2 years ago

Wales & West Utilities explores gas and electricity smart links

Wales & West Utilities (WWU) has launched a project to explore how smart links between gas and electricity networks can make better use of renewable energy. The HyVoltage Project is being led by the gas network operator, with National Grid Electricity Distribution as a non-funding partner. It will assess the viability of introducing what WWU calls “flexible vector conversion sites” with integrated smart links between both gas and electricity distribution networks.

2 years ago

PR24: SVT’s past performance key to AMP8

Severn Trent has set out its intention to remain an industry leader across performance commitments in the next asset management period (AMP8) as the cornerstone to its ambitious plan.

2 years ago

Ofwat sets out details of customer service licence condition

2 years ago

PR24: South East facing ‘unprecedented’ network pressure

2 years ago

Market Stabilisation Charge will expire in 2024

2 years ago

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