A regulator has proposed that Wessex Water should pay £11 million over failures to adequately operate and maintain its wastewater network.
Wessex Water and its shareholders will fund the enforcement package, according to initial proposals from Ofwat.
It follows similar investigations and payouts from water firms earlier this year including Yorkshire Water, Thames Water, Northumbrian Water, Anglian Water and South West Water.
These resulted in enforcement actions worth around £240 million.
On Tuesday, the watchdog said the failures related to the maintenance of Wessex Water’s network to ensure it could cope with flows of sewage and wastewater.
It added that this resulted in spills from storm overflows.
Ofwat stressed that the company will not be able to cover the cost of the enforcement action through its customers or increases to bills.
However, it comes after the company put up its water bills by an average of 20%, or £113, this year.
Lynn Parker, senior director for enforcement at Ofwat, said: “Our investigation has found that Wessex Water failed to effectively operate, maintain and upgrade its wastewater assets, which meant there were spills from storm overflows when there shouldn’t have been.
“To their credit, the company has been one of the more proactive in investigating and rectifying the problems identified.
elmundio87 on
Next up: Wessex water customers hit with price increases
Hockey_Raccoon on
Feels like this headline needs changing to Wessex Water customers have to pay £11m over waste water fine because we know the money isn’t coming from anywhere else 🙁
Weird-Statistician on
Fines should be larger and should paid in shares that go to the government. Therefore we get future dividend payments and gradual ownership of the company over time.
Future_Pianist9570 on
And will this 11m come from shareholders payouts or ceo bonuses? The customers you say?
5 commenti
A regulator has proposed that Wessex Water should pay £11 million over failures to adequately operate and maintain its wastewater network.
Wessex Water and its shareholders will fund the enforcement package, according to initial proposals from Ofwat.
It follows similar investigations and payouts from water firms earlier this year including Yorkshire Water, Thames Water, Northumbrian Water, Anglian Water and South West Water.
These resulted in enforcement actions worth around £240 million.
On Tuesday, the watchdog said the failures related to the maintenance of Wessex Water’s network to ensure it could cope with flows of sewage and wastewater.
It added that this resulted in spills from storm overflows.
Ofwat stressed that the company will not be able to cover the cost of the enforcement action through its customers or increases to bills.
However, it comes after the company put up its water bills by an average of 20%, or £113, this year.
Lynn Parker, senior director for enforcement at Ofwat, said: “Our investigation has found that Wessex Water failed to effectively operate, maintain and upgrade its wastewater assets, which meant there were spills from storm overflows when there shouldn’t have been.
“To their credit, the company has been one of the more proactive in investigating and rectifying the problems identified.
Next up: Wessex water customers hit with price increases
Feels like this headline needs changing to Wessex Water customers have to pay £11m over waste water fine because we know the money isn’t coming from anywhere else 🙁
Fines should be larger and should paid in shares that go to the government. Therefore we get future dividend payments and gradual ownership of the company over time.
And will this 11m come from shareholders payouts or ceo bonuses? The customers you say?