Ofwat considers reducing fines for struggling water firms, like Thames Water, to avoid nationalisation.
Water regulator Ofwat is reportedly considering reducing fines for financially struggling water companies, including Thames Water, to avoid nationalisation. Proposals include fewer or no penalties for water outages and sewage leaks, allowing firms to invest in infrastructure instead. Critics argue that reducing fines would be a "polluters charter," while Ofwat aims to encourage companies to improve performance and secure finances.
May 29, 2024
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