Company strategy

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Water retailers fear impact of wholesaler uncertainty

Fears that the financial turmoil of Thames could put water retailers at risk have been raised. Water Retail Company chief executive Jacob Tompkins told Utility Week that while the problem is not new, the current situation highlights the "absurd" position retailers are in to post credit for wholesalers with worse credit ratings than themselves.

2 years ago

Ofwat: We should have stepped in sooner to tackle debt

Ofwat’s chief executive has admitted that the regulator should have intervened in 2006 to prevent water companies becoming loaded with debt. David Black told a House of Lords inquiry that light touch approaches to regulation in the early 2000s had given private equity a route into the sector, but that Ofwat was now using “every tool” to bring high gearing levels down.

2 years ago

Removing price cap creates ‘fear factor’ for consumers

2 years ago

Performance woes hamper Thames’ equity hopes

2 years ago

Green Energy UK rebrands as 100Green

2 years ago

Consultants ‘cautious’ about bidding for Thames work

2 years ago

Energy customer debt more than doubles in five years

2 years ago

Thames turmoil puts supply chain ‘on edge’

2 years ago

White Paper: Correction of the altitude effect in low pressure natural gas distribution networks

2 years ago

Utility Week Awards Judges’ Masterclass

Date: 20/07/2023 12:00 pm

United Utilities workers vote to strike

2 years ago

Time is running out for affordability plans

2 years ago

Anglian named water company of the year

2 years ago

Ofgem cracks down on excessive generator profits

2 years ago

Regulator calms Thames collapse fears

2 years ago

Ofgem CEO ‘frustrated’ with lack of pace on diversity

2 years ago

Northumbrian launches sector’s first open data strategy

2 years ago

Customers or taxpayer to be on hook for Thames woes

2 years ago

Ofgem proposes additional bad debt allowance in PPM cap

2 years ago

Thames investors risk losing everything

With the government and Ofwat preparing contingency measures for the potential collapse of Thames Water, the company’s investors are once again being asked to provide more funding. Joanna Ford, restructuring & insolvency partner at Cripps, warns that failing to stump up more cash could see investors lose everything if the worse should happen.

2 years ago