Water companies to pay back £157.6million to customers after failures – see the full list and if y...

WATER companies have been ordered to return £158million to customers after failing to meet pollution targets.Each year, Ofwat evaluates the performance of the 17 largest water and wastewater companies in England and Wales against key targets, including sewer flooding, supply interruptions, and water leaks.

The regulator said that the exact amount that will be returned to customers will be finalised in December 2024."It is clear that companies need to change and that has to start with addressing issues of culture and leadership. Too often we hear thatMind-boggling £4.5MILLION mansion hides incredible secret behind its doors

Water companies were set stretching targets for 2020-25 to deliver better outcomes, for both customers and the environment.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

UK water firms face tough market for new debt after Thames Water crisisCompanies can expect higher borrowing costs as investors demand larger premium
Source: FT - 🏆 113. / 51 Read more »

Government to Tweak Water Company Bailout Laws Amid Thames Water ConcernsThe UK government is proposing changes to the special administration regime (SAR) for vital public services like water, aiming to protect taxpayers if a major firm goes bankrupt and requires a bailout. The new rules could allow for increased water bills to cover potential government losses.
Source: i newspaper - 🏆 8. / 89 Read more »