The penalties are the latest slapped on an industry at the centre of a scandal over polluting rivers
Britain ’s regulator ordered water companies to return a total of £157.6-million to customers after missed environmental targets, the latest penalties slapped on an industry at the centre of a scandal over polluting rivers.
Water bills in 2025-26 would be reduced to reflect the missed targets, with Ofwat saying the money would come from shareholder returns, not investment. The country’s biggest supplier, Thames Water, will lose £57-million for missing the targets, the heaviest penalty.It is a new financial blow for struggling Thames, which is at the centre of the crisis in the country’s water industry. It warned in September it could run out of money in three months unless creditors approved further borrowing.
Under the performance failures, Anglian Water is set to lose £38-million and Yorkshire Water £36-million, while a minority of companies including United Utilities and Severn Trent beat targets and will receive payments instead.
Water Industry Performance Ofwat Target Britain Regulator BBC Radio Yorkshire Britain
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How the rising cost of living is shaping British Columbia’s electionIn the seven years since the NDP came to power in British Columbia, food prices have jumped by almost 30 per cent.
Read more »
Pre-eminent British actor Maggie Smith has died at age 89In this Dec. 16, 2015, file photo, British actress Dame Maggie Smith poses in London.
Read more »
British climate activists sentenced for throwing tomato soup over Van Gogh’s ‘Sunflowers’The 1888 masterpiece, painted in Arles in the south of France, was not damaged in the 2022 attack as it was covered by protective glass
Read more »
British PM Keir Starmer already mired in controversy after only three months in officeIn a speech to Labour’s annual conference, he vowed to build a new Britain and urged the party faithful not to waver
Read more »
'Children Ended Up Not Eating': Moms Slam British Pub For Not Being Child-Friendly, Debate EnsuesHistoric pub in the UK under fire after mom leaves terrible reviews as staff told kids to turn down their iPads.
Read more »
Atmospheric Rivers Bring Flooding Concerns to British ColumbiaA series of atmospheric rivers have caused flooding concerns across British Columbia, prompting high-stream flow advisories and flood watches throughout the province. The River Forecast Centre issued a higher-level flood warning for the Telkwa River and says many coastal rivers have peaked at levels typically seen every one to five years.
Read more »