Ofwat is reportedly poised to waive fines for Thames Water until 2030 as part of a potential deal, with the deadline for approving creditors' emergency offer for the utility company fast approaching in October.

The UK competition authority has ruled that five water companies can increase their bills by an additional 2.2%, on top of a 24% average increase previously approved by the industry regulator Ofwat.

Water regulator Ofwat plans to fine South East Water £22 million for repeated supply failures between 2020 and 2023, affecting over 286,000 customers.

Welsh Water has issued an apology and faces a proposed £44.7 million enforcement package from regulator Ofwat, following findings of serious and unacceptable breaches in its sewage and network operations.

Ofwat has announced that South East Water is facing a £22 million fine for failing to maintain adequate water supply during periods of high demand, causing immense stress to customers.

Ofwat confirmed that household water bills would increase by an average of 5.4 per cent from April

Ofwat said it found “serious and unacceptable” breaches in Welsh Water’s sewage works systems and operations.

South East Water has been fined £22.5 million by the regulator Ofwat for repeated supply failures in Kent and Sussex, affecting nearly 300,000 customers.