Thames Water is looking to tap more emergency cash from its creditors as talks over a rescue deal for the ailing UK utility company drag on.
A public information sign from Thames Water Ltd. and a Road Closed sign in London, UK, on Monday, July 8, 2024. Thames Water is waiting on a key July 11 ruling from water regulator Ofwat on its next business plan, a decision which will set price controls for water utilities.
Britain’s grid operator will reset the timetable for as many as 210 wind, solar and battery projects, conceding it cannot meet deadlines seen as critical for the government’s 2030 clean power target.
Wind turbine blades. Photographer: Darren Staples/Bloomberg
Britain’s grid operator will reset the timetable for as many as 210 wind, solar and battery projects, conceding it cannot meet deadlines seen as critical for the government’s 2030 clean power target.
Wind turbine blades. Photographer: Darren Staples/Bloomberg
Large-scale data centers located in the wrong place or without flexible demand options could hike energy costs, the head of the UK’s grid operator said on Tuesday.
South East Water Ltd.’s main shareholder criticized the UK utility’s performance over recent outages that left tens of thousands of people without supplies, as pressure mounts on Chief Executive Officer Dave Hinton.
An employee of South East Water Ltd. at a water collection point, during a water supply outage, in East Grinstead, on Jan. 13. Photographer: Carlos Jasso/Bloomberg
UK water regulator Ofwat is struggling to fill roles after its workforce shrank by a fifth, partly as a result of government plans to abolish it and set up a new watchdog.
Yesterday’s auction resulted in plans for four huge wind farms, while other countries struggle to attract developer interest.
Offshore wind turbines off the coast in Clacton On Sea, UK, on Monday, Dec. 30, 2024. The UK's plans to essentially eliminate fossil fuels from the power network by the end of this decade would require a major overhaul of the way power is consumed to better match fluctuating supply from renewable sources, according to a recent report by the country's grid operator. Photographer: Carlos Jasso/Bloomberg
South East Water Ltd. could be fined as much as 10% of its turnover if a new investigation by industry regulator Ofwat finds the UK company breached licence conditions over customer care during recent outages.
Volunteers distribute bottles of water at a collection point in East Grinstead, on Jan. 13.
The global average temperature numbers are in for 2025 and they’re not good. Last year was the third-hottest on record, trailing only … the previous two years.
A pedestrian shelters from the sun under a parasol in Ginza district during high temperatures in Tokyo, Japan, on Sunday, Aug. 24, 2025. High temperatures across much of Japan are set to last for another month, according to the national weather forecaster, with the persistent heat potentially keeping power demand elevated. Photographer: Akio Kon/Bloomberg
Britain stepped up support for offshore wind in the latest subsidy auction, showing the government is still determined to meet its ambitious 2030 clean-power goal even as costs rise.
Keir Starmer’s Labour government has raised the threshold for inheritance tax on agricultural property from £1 million ($1.4 million) to £2.5 million, a major concession in a long-running battle with British farmers.
Farmers protest in London, on Nov. 26. Photographer: Jose Sarmento Matos/Bloomberg
Thames Water has deferred payment of almost £2.5 million ($3.4 million) in bonuses to its senior managers this month bowing to pressure not to reward staff while the company is ranked among the worst-polluting suppliers in the UK.
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