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What could this mean for Thames Water and customers? Bill rises for all companies until 2030 have already been announced by the regulator Ofwat, with Thames Water bills rising from an average £ ...
In July 2023, Thames Water was fined £3.3m after discharging undiluted sewage into two rivers, the Gatwick Stream in Sussex and the River Mole in Surrey, killing more than 1,400 fish in October 2017. [107] In 2022, according to a BBC investigation, Thames Water illegally discharged sewage hundreds of times on days when it was not raining.
When Thames Water was privatised in 1989 it had no debt. However, over the years it borrowed heavily. Thames now needs to raise about £4bn in new equity too, which would not need to be paid back.
Investors in Thames Water have agreed to put an extra £750 million ($962 million) of equity funding into the troubled utility to hold off a temporary takeover by the government. ... 2023 at 7:34 ...
In 2023, Water UK, the industry body, issued an apology for sewage discharge and announced a £10bn plan to modernise the Victorian-era sewage system, [9] whilst Thames Water was fined £3.4m. [5] The Environment Agency also launched a criminal investigation into all water companies. [1]
The peak energy consumption of the plant is 17.6 MW in worst-case conditions, and the average power consumption was estimated at 14 MW, which results in an energy usage of 2.27 kWh per cubic metre of water produced. [12] In 2022, Thames Water revised the usable output of the plant down to 100 megalitres per day, because of "unrealistic ...
Heavily indebted Thames Water is England’s biggest water company, with about 16 million customers. Mr Weston took on the job in January and was awarded a £195,000 bonus for his first three ...
A major part of London's water supply infrastructure, the initial ring was constructed by Thames Water between 1988 and 1993 at a cost of £248 million (equivalent to £638 million in 2023), and when completed, it was the longest tunnel in the UK. [2] [3] Two extensions were constructed between 2007 and 2010. [1]