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Ofwat consults on mandating use of the Smart Meter Read Hub
(by Karma Loveday) Ofwat is consulting until 16 October on mandating that wholesalers and retailers use the new Smart Meter Read (SMR) Hub by 7 December. The regulator is minded to accept code change proposals CPM064 and CPW165. These provide for: Making the SMR Hub a central market system, operated by MOSL and integrated with CMOS, to provide assurance that it will be managed under the established market framework. Mandating its use by wholesalers and retailers. Wholesalers
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Sep 201 min read
MPs urge Government to find alternative to Thames deal
(by Verity Mitchell) The Environment, Food and Rural Affairs (EFRA) Select Committee has published a report following its evidence gathering on what it emotively calls “the dire situation at Thames Water.” It urged that ministers should explore all options for the company, including using the Special Administration Regime (SAR) or fresh legislation, to “draw a line under this debacle and restore stability to the sector by putting Thames Water on a sound footing for new buyers
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Sep 201 min read
Other stories from last week
(by Karma Loveday) Four former Southern Water staff, including its 2011-2016 chief executive Matthew Wright, appeared in court on Friday charged with conspiracy to defraud – a common law offence carrying a maximum ten-year prison term. It is alleged that between 1 January 2012 and 31 December 2017 the individuals conspired to defraud the Environment Agency and Ofwat through the implementation of artificial no-flow events at wastewater treatment works to manipulate the operato
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Sep 134 min read
Welsh Water first to lift hosepipe ban
(by Karma Loveday) Welsh Water has lifted the hosepipe ban that has been in place for around 33,000 properties across mid and south Ceredigion, parts of north Pembrokeshire and north Carmarthenshire. This followed recovery in treated water storage levels, and decreased demand linked to the ban, as well as to lower temperatures, increased rainfall and the end of the summer tourist season. The company thanked its customers for their contribution while the ban was in place. In E
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Sep 131 min read
Minister announces forensic audit into NI Water governance
(by Karma Loveday) Infrastructure minister Liz Kimmins has commissioned a forensic audit into governance systems at Northern Ireland Water. Key areas of focus are expected to be HR, contract procurement visibility and whistleblowing. In a written statement to the Northern Ireland Assembly, Kimmins said: “Regrettably, there are a number of issues which are ongoing in NI Water, some of which have been the subject of NI Water investigations and have already resulted in the need
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Sep 131 min read
Good Law Project asks Ofwat to dispel ‘legal inaccuracies’ on SAR for Thames
(by Karma Loveday) The Good Law Project (GLP) has called on Ofwat to "take appropriate steps to ensure that the public are not misled by legal inaccuracies with respect to the availability, purpose or mechanics of the special administration process for Thames”. The legal campaigner said it was moved to write to the regulator in light of media reports which cite Defra ministers’ reasons for not putting Thames Water into special administration. GLP said the first oft-cited reas
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Sep 132 min read
Veolia CEO: we could run Thames Water if it is renationalised
(by Verity Mitchell) Estelle Brachlianoff, chief executive of Veolia, has told the BBC that her company would consider running Thames Water if it were taken into public ownership. Private companies operating assets owned by the state is a familiar model for Veolia in France, although it owns regulated water assets in the US. Running renationalised Thames under contract – its drinking water facilities, wastewater treatment plants and networks – "could be an option, yes,” Brach
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Sep 132 min read
Government sets up task force to progress public control of water
(by Karma Loveday) A public control task force has been set up by the new Office for the Prime Minister and Cabinet to address “the failure of many privatised utilities to deliver basic services at a fair price”. This is one of three new task forces that will operate across central government departments and local government, including with regional mayors as part of the devolution agenda. The other two focus areas are cost of living – especially challenging everyday rip-offs
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Sep 131 min read
South East Water aborts bond issue
(by Verity Mitchell) South East Water has aborted plans to issue a bond of around £200m after insufficient investor interest. The company cited the volatile political and regulatory backdrop as a reason for the sluggish investor response that followed its roadshow to debt investors last week. But the firm’s significant operational challenges may also have contributed to a lack of debt investor interest. South East Water has £150m of revolving credit facilities in place to cov
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Sep 131 min read
Havant Thicket hosts minister as drought remains in three-quarters of England
(by Karma Loveday) Portsmouth Water last week showed environment secretary Dame Angela Eagle work to date on the Havant Thicket reservoir in Hampshire, as the National Drought Group (NDG) met to discuss the ongoing drought situation. No drought status changes were made: 71.3% of England remains in drought, with 30m people affected by usage restrictions. July and August were dry months with 10% and 78% of rainfall respectively. The NDG reported that rivers had responded to the
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Sep 62 min read
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