Nine water companies, including stricken Thames Water, have been prevented from using customer money to fund “undeserved” bonuses for top bosses worth £6.8 million under new powers, the regulator has announced.

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Bournemouth Echo

Bournemouth

Dorset

England

United Kingdom

Ofwat blocks water companies from paying bosses £6.8m bonuses with customer cash

The regulator uses new powers to prevent bonuses being funded from customer bills.

Ad Fontes Media

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Media Bias/Fact Check

BBC News

Government of the United Kingdom

Ofwat rules out customers paying £195,000 Thames Water boss bonus

Ofwat said its new powers had been applied to bonuses worth £6.8 million, or 73% of the overall total, across the water sector.

The Independent

Evgeny Lebedev

London

Greater London

Nine water firms blocked from using customer cash to pay for £6.8m of bonuses

It comes at a time of growing public and political pressure on the sector to address a dire recent performance on sewage pollution and leaks while customer bills are soaring.

Daily Express

Reach plc

Water firms blocked from using customer cash for 'undeserved' bonuses

Shropshire Star

MNA Media

Ketley

Shropshire

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Nine water firms halted from using customer cash to pay for £6.8m of bonuses

Welsh Water executives have previously received nearly £1m in bonuses a year

Wales Online

Wales

Welsh Water blocked from using customer money to pay 'undeserved' bonuses

Ofwat says it has stepped in to use its new powers to halt water firms that cannot show bonuses are sufficiently linked to performance from using customer money to fund the payouts.

Sky News UK

Roberts family

Water companies blocked from using customer cash for 'undeserved' bonuses

Ofwat said its new powers had been applied to bonuses worth £6.8 million, or 73 of the overall total, across the water sector.

The Herald Scotland

Gannett

Scotland

Thames Water, Yorkshire Water, and Dwr Cymru Welsh Water, were directly blocked from allowing customers to pay £1.55 million of bonuses.

Nine water companies will be barred from funding hefty executive bonuses with customers’ money, the regulator Ofwat has said. The watchdog said it would step in and use new powers to prevent customers from paying for £6.8m in payouts across the industry, 73 per cent of the total. Three water firms, crisis-hit Thames Water, Yorkshire Water and Dŵr Cymru Welsh Water, will be “directly blocked” from allowing customers to pay for around £1.5m in bon…

Nine water firms halted from using customer cash to pay for £6.8m of bonuses

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