Finance and investment

Ofgem cracks down on excessive generator profits

Regulator calms Thames collapse fears

Ofwat confirms tougher action on unwarranted bonuses

Ofwat has confirmed measures intended to block water company bosses from claiming unwarranted bonus payments. The regulator has confirmed plans to implement an end-of-period reconciliation mechanism which would allow it to adjust a company’s revenue allowance if it does not meet Ofwat’s expectations, particularly around financial and environmental objectives.

Customers or taxpayer to be on hook for Thames woes

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.

Ofwat approves £2.2bn accelerated spending

Ofwat chair: Business plans must be better

Water companies have been urged to get their PR24 business plans right the first time round by Ofwat chair Iain Coucher who said the quality of PR19 submissions were below what he would have expected. He told company boards to make sure firms had the right teams in place for investment ambitions that are affordable and deliverable.

Boiler Upgrade Scheme could constrain clean heat market

Utility Warehouse launches cheapest fixed tariff

Call for energy ‘help to repay’ scheme for 5.5m Brits in debt

Caution urged as fixed deals return to ‘volatile market’

Customers need targeted support, not blunt tools

Price floor introduced for energy profits levy

Unspent EBSS money should be used to end standard credit premium

Retailers urged to make energy bills clearer