UK water companies fail to get basics right, environmental regulator says
Five out of nine rated as 'requiring improvement'
47 serious pollution incidents in 2023, up by three
Tougher regulation on the way
Adds Water UK comments in paragraphs 6, 7, 12
By Sarah Young
LONDON, July 23 (Reuters) -Britain's Environment Agency on Tuesday lambasted the country's water companies for spewing sewage into rivers and seas, saying the majority of them were failing to get the basics right, as it outlined plans for a tougher regulatory approach.
Years of under-investment by privately run, profit-seeking water companies in the UK have coincided with heavier rainfall from climate change and a growing population to bring the country's water industry close to crisis.
Regulator the Environment Agency said in its annual report on Tuesday that five out of nine companies were rated as "requiring improvement", and that the pace of progress towards making water cleaner was too slow.
One of those five failing companies was Thames Water, the country's biggest water supplier, which for the last year has dominated headlines for its poor environmental record and a funding crisis that means it could be nationalised.
The Environment Agency said that in 2023 there were 47 serious pollution incidents, up from 44 the previous year, and that 90% of those incidents were caused by four companies - Thames, Anglian Water, Southern Water and Yorkshire Water.
Water UK, which represents the companies, agreed that improvements were needed, and called on the industry's other regulator, Ofwat, to back the companies' spending plans for the next five years.
"Water companies have proposed investing a record 105 billion pounds ($135.59 billion) to secure our water supply in the future and stop sewage entering our rivers and seas. Ofwat needs to approve these plans in full as any less will put critical improvements at risk," a Water UK spokesperson said.
Britain's Environment, Food and Rural Affairs Minister Steve Reed called the findings "shocking".
"For too long, water companies have pumped record levels of sewage into our rivers, lakes and seas. This government will never let this happen again," he said in a statement.
The new Labour government, elected three weeks ago, has already outlined steps to introduce new fines for water companies, increase monitoring for spills and ensure money is spent on infrastructure upgrades and not executive bonuses.
For its part, the Environment Agency said it would recruit 500 additional staff and quadruple the number of water company inspections by March next year.
Water UK said that since 2011 the Environment Agency had repeatedly tightened targets.
Severn Trent SVT.L, United Utilities UU.L and Wessex Water were all given the top rating for environmental performance by the Environment Agency. It says all companies should be able to achieve that.
Severn Trent said on Tuesday it was confident it could halve its spill rate by 2030.
But doing so requires investment. Thames Water, Britain's biggest water supplier, is trying to raise new equity before it runs out of cash by next May.
($1 = 0.7744 pounds)
Reporting by Sarah Young; Editing by Jan Harvey
면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.
온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.
이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.