Thames, Yorkshire and Welsh Water blocked from using customer money for bonuses

Quick Summary:

The regulator Ofwat's new powers prevent bonuses being funded from customer bills.

Thames Water declined to comment, while a Dwr Cymru spokesperson said the firm would "take the necessary action as outlined in Ofwat’s report”.

He said that by stopping customers from "paying for undeserved bonuses", it was looking "to sharpen executive mindsets" and to push firms to improve their cultures of performance and accountability.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Business

Markets: United Kingdom

Topics: Ofwat Water Firms Bonuses Company Thames Performance Being Customer Executive

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 13:17:44 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 683 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23818264

View Article Analysis

About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

Frequently Asked Questions