Jonson Cox, Chair of water sector regulator Ofwat has told the investment community that achieving “net zero” in the water sector by 2030 will need “meaningful investor support and funding” in AMP7.

Dŵr Cymru Welsh Water has announced a record £47 million customer dividend which will see customer benefit from a range of projects, including a lead pipe replacement programme, support for lowest-earning customers and reservoir visitor centres.

Water UK is warning that Labour’s plans to renationalise the water UK companies in England would hit the retirement funds of over five million pensioners who would lose thousands of pounds each.

A recent Parliamentary debate in the House of Commons on the future of the UK water sector saw calls for the water companies in England to be based on the Scottish Water public sector model or the Welsh Water ownership model with “democratic public ownership” via new consumer and employee trusts.

Two-thirds (67%) of UK corporates will be disclosing climate-related risks and opportunities in their 2019 annual reporting, according to new figures released by the Carbon Trust.

SES Water has announced that nearly 10,000 customers are now on their Water Support Scheme, double their current target of 5000.

Southern Water has outlined its position on dividends and corporate structure, saying no dividends were paid to external shareholders in 2017-18 and that a redundant Cayman Islands subsidiary will be dismantled.

Reforms confirmed today by Ofwat could see the most highly geared water companies forced to share up to £230 million with customers over the period 2020-2025.

Ofwat has launched a new consultation seeking views on improving water companies’ licences by tightening up company ownership requirements to enhance protections for customers.

Ofwat has today launched a consultation on new measures for the 2019 price review which will see customers share the financial gains made by water companies with high levels of debt.