Thames Water is the subject of a survey on late delivery of environmental improvement systems, the industry regulator announced.
Ofwat said the case of application against the company, currently fighting to guarantee its financial future in the midst of a heap of 19 billion pounds sterling, aimed to determine whether it had violated its legal obligations.
The watchdog said that Sieve He himself had been in contact to alert him and the Environment Agency that he will not be likely to make more than 100 of the 812 improvements she had promised on March 31.
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The programs fall under the National Water Industry Environmental Program (Winep) during the current pricing period of 2020-2025.
This ends at the end of March when Thames customers are then faced Increase in invoice inflation Over the next five years from April, to pay new infrastructure improvements, including generalized storm upgrades to avoid spillway to wastewater.
Lynn Parker, Principal Director of Ofwat for the Application, said: “Customers paid for Thames Water to carry out these essential environmental diets.
“We consider any indication that water companies do not respect their legal obligations very seriously. Consequently, we have launched an investigation to understand whether the delayed delivery of environmental regimes means that Thames Water has violated its obligations.
“If we find reasons to act, we will use our full range of powers to keep the Thames to account for failures and obliges them to put things right.”
The regulator finally has the power to infiltrate the relevant part of the company up to 10% of its annual turnover.
Previous and recent penalties paid by the Thames include a £ 18 m fine In December to break the shareholders’ payment rules while it was also slapped with an invoice of 104 million pounds sterling last summer for Wastewater failures.
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The Water Thames is the pressure on improvements in its daily operations while rushing to guarantee its financial future.
He previously warned that he would lack money next month, increasing the prospect that the public service entering a special administration plan, unless new funding and new actions are guaranteed.
The company’s favorite rescue plan is currently suspended Due to a high court struggle between bond holders.
The Thames has not yet confirmed if it will appeal the final decision of OFWAT on the quantity of authorization to raise bills by 2025-30.
The average water and wastewater bill across England and Wales should drop from £ 480 to £ 603 in 2025/26 only – an increase of about £ 10 per month.
The 16 million Thames Water customers face an increase of 31% to £ 639, an increase of £ 151.
He had asked for an increase greater than 50% over the pricing period.
A spokesperson for Thames Water said about the investigation: “We note OFWAT’s decision to open a case of application in delayed Winep7 and cooperate fully.
“Customers will not pay twice for investments that have already been financed through customer bills.
“We were very open to the challenges of delivery of all the elements of our Winep 7 program, which was affected by cost increases higher than the inflation index applied to our allowances. We informed this of this in August 2023.
“We remain determined to provide all our winep commitments.”