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Retailers told to do more to reduce business customer credit accrual
Ofwat is consulting until 16 September on plans to bolster business customer protections concerning accrued credit balances held by...
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Aug 4, 20242 min read
20% of customers struggle to pay, as water firms meet 96% of care expectations
One in five water bill payers are struggling to afford their charges, Ofwat’s latest cost of living research has found. This was...
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Aug 4, 20242 min read
Ofwat rejects a call to suspend credit security for wholesalers with junk ratings, but commits to a wider review
Ofwat plans to review wholesaler/retailer credit arrangements – including the extent to which the allocation of risk between the parties...
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Aug 4, 20242 min read
Moody’s puts Southern Water on review for downgrade
Moody’s has put Southern Water on review for downgrade, following Ofwat’s PR24 Draft Determination (DD). The action affected the Baa3...
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Aug 4, 20242 min read
Standard & Poor’s downgrades Thames Water
Standard & Poor’s (S&P) has followed Moody’s in downgrading its ratings on Thames Water. S&P knocked Thames’ class A debt to BB from...
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Aug 4, 20241 min read
Planning overhaul targets house building and infrastructure
The Government has committed to make it easier to build infrastructure, and given all councils in England mandatory housing targets aimed...
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Aug 4, 20241 min read
Government commits to September response to OEP report which found rivers ‘off track’ on WFD targets
The Government has sent a holding response to the Office for Environmental Protection (OEP), following the latter’s May report A review...
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Aug 4, 20242 min read
Defra to conduct a rapid review of the Environmental Improvement Plan as “nature is dying"
The Government has announced a “rapid review” of the 2023 Environmental Improvement Plan (EIP) and pledged to develop a new statutory...
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Aug 4, 20242 min read
Think tank calls for push on diversity
Water companies must urgently step up their efforts to diversify their workforces, if they are to recruit all the digital and physical...
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Jul 28, 20241 min read
Northumbrian festival is largest ever
Northumbrian Water has reported that its recent Innovation Festival was “without doubt the biggest festival we have ever had,” attended...
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Jul 28, 20241 min read
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