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Nine water firms blocked for paying £6.8m in ‘justifiable’ bonuses
A tanker pumps out excess sewage from the Lightlands Lane sewage pumping station in Cookham, Berskhire, January 10, 2024
“At local level, it’s different."
NINE water companies have been blocked from paying £6.8 million in “unjustifiable” bonuses using customer money under new powers handed to the regulator Ofwat.
Troubled Thames Water was among three firms — also including Yorkshire Water and Dwr Cymru Welsh Water — that were directly blocked from paying £1.5m of bonuses.
The other six companies voluntarily decided not to push the cost of executive bonuses onto customers.
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