'Truly frightening' that water companies can't meet investment targets, say river campaigners

Mr Neasham and other campaigners have been pushing for the industry and ministers to move even faster.

The report adds: “Given the step up in investment that is likely to be required for the 2025-30 period we expect companies to improve their delivery capabilities over the next two years”. Following the publication of the performance report, which showed 12 companies failing to hit their targets, Ofwat announced that £114m would be returned to customers through lower bills. Five companies have been permitted to charge more as a reward for exceeding targets, with the rest paying penalties.

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »

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: Glasgow_Times - 🏆 76. / 59 Read more »

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: LBC - 🏆 17. / 74 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 »