British water firms ordered to repay £67m over missed targets

Ofwat penalises Thames Water, Southern and South West Water while Severn Tren allowed to charge more

British water companies will be forced to repay a net £67m to customers after the regulator penalised them for missing performance targets.

Thames Water, the supplier to London and the Thames Valley, will have to pay back £53m to its customers, the biggest charge under the regulator Ofwat’s system of rewards and penalties. Southern Water, which runs services from Kent to Hampshire, will repay £46m, while South West Water will repay £15m.

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from The Guardian https://ift.tt/3c4wa97

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