Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Ofwat expands sewage probe to all water utilities in England and Wales
    Stock Market

    Ofwat expands sewage probe to all water utilities in England and Wales

    July 16, 20243 Mins Read


    Unlock the Editor’s Digest for free

    Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

    Ofwat has opened cases into four more water and wastewater companies, expanding its investigation of sewage outflows to all water and sewage utilities in England and Wales.

    Severn Trent, United Utilities, Dŵr Cymru Welsh Water and Hafren Dyfrdwy will be included in Ofwat’s investigation into how companies manage their wastewater treatment works, the regulator said on Tuesday.

    David Black, chief executive of Ofwat, said it was the “largest and most complex investigation Ofwat has undertaken”.

    “The fact that Ofwat now has enforcement cases with all 11 of the wastewater companies in England and Wales demonstrates how concerned we are about the sector’s environmental performance,” he said.

    Water companies are facing an onslaught of regulatory and legal cases following evidence that they are tipping unknown quantities of raw effluent and storm water into coastal waters, rivers and lakes, risking the environment and public health.

    Last week the Supreme Court ruled that private landowners and individuals can seek redress for sewage released into UK waterways, paving the way for further legal claims.

    The Environment Agency, another regulator, is also conducting its largest-ever criminal investigation into potential widespread non-compliance by water and sewerage companies at more than 2,200 sewage treatment works.

    The string of legal cases and fines may make it harder for water companies to raise equity needed for their businesses to keep running and to improve infrastructure.

    Thames Water, the largest water utility, needs to raise £750mn from investors by next April and a further £2.5bn by 2030 if it is to avoid being taken under the government’s special administration regime, a form of temporary renationalisation.

    Colm Gibson, managing director of European economic regulation at Berkeley Research Group, said the announcement “increased uncertainty for both debt and equity investors [in water companies], with potential implications for the cost of capital Ofwat will need to allow companies to recover in the prices charged to customers”.

    Ofwat’s inquiry into whether companies are breaching their licences on sewage outflows was first opened in 2021.

    Water companies are allowed to tip a certain amount of effluent and storm water into water courses in times of heavy rain or snow melt under licences awarded by the Environment Agency.

    However there is increasing evidence that sewage is pouring into waterways even in dry periods. Ofwat can impose fines of up to 10 per cent of turnover if they are found to have breached regulations.

    Recommended

    Montage of Thames Water logo, a worker from Thames Water pumping water from a drain

    Although companies often blame unpredictable weather and climate change for causing more frequent untreated sewage overflows, a study by Imperial College London last year found that by far the biggest problem was insufficient capacity at wastewater treatment plants, which meant they were releasing sewage into waterways even during dry periods.

    Just 16 per cent of waterways in England and Wales meet minimum EU standards for ecological status and none meet the standards for chemicals, according to official Environment Agency data. 

    Investment in water infrastructure also appears to be lagging Europe. Wastewater companies in England and Wales upgrade 0.2 per cent of their assets each year, a third of the European average of 0.6 per cent, according to a 2022 report by the industry lobby group Water UK.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    ₹6.50 lakh crore gone! Sensex tanks over 1000 points; why did Indian stock market fall today? Explained with 5 factors

    Stock Market

    History Says These 2 Dividend Stocks Will Deliver in a Downturn

    Stock Market

    Stock market today: Dow, S&P 500, Nasdaq retreat as tech leads market lower, banks slide after earnings – Yahoo Finance

    Stock Market

    Stock Markets in 2025: Year of the Reboot

    Stock Market

    6 Ultra-High-Yield Dividend Stocks for Safe Income in 2026 and Beyond

    Stock Market

    Dow, S&P 500, Nasdaq Rise; Nike, DJT, Oracle, Nvidia, Tilray, More Movers

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Trump SUED over his military takeover of DC as new flashy fleet of ICE vehicles with gold branding arrive in ex-sanctuary city

    Property

    The Michael Houck Real Estate Guide for Oct. 20

    Stock Market

    Should You Buy the 3 Highest-Paying Dividend Stocks in the Dow Jones?

    Editors Picks

    Silver Metal Group demande sa réadmission à l’ASX. -Le 10 mars 2025 à 01:49

    March 9, 2025

    Not All Landlords Are Older

    August 16, 2024

    We need to talk about those heavy metal needle drops in Alien: Earth

    August 20, 2025

    Banking software startup Knight Fintech raises $23.6M round led by Accel

    January 3, 2026
    What's Hot

    A Look At The Intrinsic Value Of Eversource Energy (NYSE:ES)

    October 22, 2024

    Ex-Mastodon guitarist Brent Hinds found at fault for fatal crash

    September 10, 2025

    Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says

    October 10, 2025
    Our Picks

    Insights into cryptocurrency wealth in 2025: Open the door to stable returns on digital assets through blockchain cloud mining

    June 16, 2025

    Skyharbour Partner Company Terra Clean Energy Plans Winter 2025 Exploration Program at the South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

    October 15, 2024

    7 common British household items lowering your property value

    November 20, 2025
    Weekly Top

    Japanese app PayPay announces US IPO and Visa partnership | PaymentsSource

    February 13, 2026

    Bonds Close Out Epic Week of Resilience With Friendly Data

    February 13, 2026

    ₹6.50 lakh crore gone! Sensex tanks over 1000 points; why did Indian stock market fall today? Explained with 5 factors

    February 13, 2026
    Editor's Pick

    Commodity vs. Product: What’s the Difference?

    March 5, 2015

    Gold Flips Commodity Buying From Just In Time To Just In Case

    September 29, 2025

    Ohio treasurer not sold on state cryptocurrency strategic reserve idea

    April 28, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.