Ofwat is warning that water and wastewater companies are falling behind on their investment plans, with some companies using less than half of their allowances to improve their water network, leaving promised service improvements behind schedule or undelivered.

Ofwat CEO David Black and Chair Iain Coucher have rejected suggestions by an influential Parliamentary Committee that since privatisation of the water sector, recent Price Reviews had focussed on keeping customer bills low at the expense of allowing sufficient investment in water and wastewater infrastructure.

Aileen Armstrong, Senior Director, Company Performance and Price Controls at Ofwat, is warning that current concerns and headlines in the media about the UK water sector are not going to go away without real change and that the pressure is only going to intensify over the coming months.

 A new Challenge Co-ordination Group has been established by CCW, with Caroline Warner appointed as its independent chair.

Welsh Water, the only not-for-profit utility company in England and Wales, has revealed proposals for a new, £300 million state of the art water treatment works which will ensure customers in the town and surrounding areas continue to receive a first class water supply for decades to come.

Ofwat has set out plans by the water sector to invest £2.8 billion in environmental projects to support the country’s green economic recovery from COVID-19.

Fitch Ratings has this morning confirmed that it views the outcome of the Anglian Water and Yorkshire Water appeals to the Competition and Markets Authority (CMA) as credit-positive and that the ratings remain unchanged.

In response to the Competition and Markets Authority’s final findings in the 2019 Price Review appeals published today, Anglian Water has welcomed the CMA’s recognition “that a different approach to funding growth is needed.”

Ofwat has published its initial comments on the Competition and Markets Authority’s final determinations in the appeals by four water companies against Ofwat’s final determinations in the 2017 Price Review on their AMP7 Business Plans.

The Competition and Markets Authority (CMA) has today published its findings on the price controls for the 4 water companies who appealed against Ofwat’s PR19 final determinations on their AMP7 business plans .