Which five water companies must pay the most for failing to meet Ofwat targets?

  • 📰 Glasgow_Times
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

The PA news agency looks at who owns the companies paying back the most money to customers and why they must do so.

The company has said it is looking to raise over £500 million from shareholders to invest across its network in Hampshire, the Isle of Wight, West Sussex, East Sussex and Kent, where 4.6 million people take their water supply.

It receives capital investment but has no shareholders, so would keep any financial surplus in the businesses, though in 2023, Dwr Cymru lost £124.7 million with its parent company making £1.5 million. Over seven million people use Anglian Water in the east of England between Essex, Norfolk, Nottinghamshire and Buckinghamshire and together they are set to receive a rebate of £22.4 million after the company failed to meet targets on customer satisfaction, leakage, drinking water quality, pollution incidents, sewer flooding, repairs and interruptions.Yorkshire Water’s 5.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 76. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Which five water companies must pay the most for failing to meet Ofwat targets?The PA news agency looks at who owns the companies paying back the most money to customers and why they must do so.
Source: Observer_Owl - 🏆 18. / 72 Read more »

Water companies to hand back £114million to customersOfwat said it is investigating all 11 water and wastewater companies
Source: nottslive - 🏆 96. / 52 Read more »

Water companies to pay out £114m for missing performance targetsNo company achieved Ofwat’s top category of ‘leading’, 10 were rated ‘average’ and seven were in the lowest category.
Source: Observer_Owl - 🏆 18. / 72 Read more »

Water companies to pay out £114m for missing performance targetsNo company achieved Ofwat’s top category of ‘leading’, 10 were rated ‘average’ and seven were in the lowest category.
Source: Glasgow_Times - 🏆 76. / 59 Read more »