18:26 Steve Reed (Labour)

The Bill requires Ofwat to consider how it can contribute to achieving targets set under the Environment Act 2021 and the Climate Change Act 2008 when carrying out its functions. Together, these measures will ensure that water companies serve customers and the environment far better in future.

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19:12 Tim Farron (Liberal Democrat)

Water industry regulation is split between the Environment Agency and Ofwat, and that plainly does not work. We have two inadequately resourced regulators, with inadequate powers, being played off against each other by very powerful water companies that are far better resourced and able to run rings around the very good, but very harassed people whose job it is to hold them to account. I welcome the concession made in the Bill requiring Ofwat to contribute towards meeting the targets of the Environment Act 2021 and the Climate Change Act 2008. That is a step in the right direction because I believe it will be the first time that Ofwat will have proper environmental obligations, alongside its business obligations.

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19:57 Amanda Hack (Labour)

When I was a member of Leicestershire county council’s environment and climate change scrutiny committee, I pushed for the water companies in Leicestershire to attend our committee, which they did—eventually—in November 2022. They gave a great presentation with some glossy pictures, but their suggestions, which looked nice on paper, simply have not materialised. My impression was that there was a severe lack of transparency and accountability among those companies about the damage that they were doing to our water system, which followed the previous Conservative Government’s unwillingness to act and push them to clear up their mess. The long-term priorities for the water companies have been shareholder and executive pay. They have been taking bonuses while polluting our waterways, and increasing debt without increasing investment.

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20:48 Clive Jones (Liberal Democrat)

When I visited the Thames Water sewage treatment works at Wargrave, I met enthusiastic and knowledgeable employees, but the scale of the neglect of our sewage treatment capacity was very clear to see. Thames Water bosses have failed to keep pace with the storm overflow problem, exacerbated by housebuilding, a failing network of pipes and climate change. Now they want to increase bills by 59%. The regulator really must not let that happen. I was left with the distinct impression at Wargrave that, sadly, the company had little idea of how to fix the problem and no expectation of doing so within a reasonable timeframe. Thames Water is currently limping from cash crisis to cash crisis, accruing billions more in debt. It seems to be getting worse before it can get better.

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