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UK regulator Ofwat is consulting on proposals to accelerate GBP1.6 billion of water company investment in projects to improve infrastructure. The water regulator wants to approve 31 schemes in... | April 3, 2023
The regulator wants to approve 31 investment schemes that water companies have promised to begin sooner than planned.
The hikes, branded a 'slap in the face' to families, come after it was revealed firms had pumped raw sewage into rivers and seas across England for a staggering 1.75 million hours last year.
Regulator Ofwat said its proposals will ensure firms link bonus payouts for executives to customer services and environmental standards.
(Alliance News) - UK water companies are facing tougher rules on bonuses for top bosses under plans outlined by the industry watchdog to ensure payouts are only made when environmental and customer service targets are met. Ofwat said its new plans "ensu... | 06:58am