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Williams, H. (2026, October 14). Water firms set to return £240m to customers by 2030 for poor performance. Evening Standard. https://www.standard.co.uk/business/business-news/ofwat-households-andy-burnham-angela-eagle-government-b1300748.html
Williams, Holly. “Water firms set to return £240m to customers by 2030 for poor performance.” Evening Standard, 14 Oct. 2026, https://www.standard.co.uk/business/business-news/ofwat-households-andy-burnham-angela-eagle-government-b1300748.html.
Williams, Holly. “Water firms set to return £240m to customers by 2030 for poor performance.” Evening Standard, October 14, 2026. https://www.standard.co.uk/business/business-news/ofwat-households-andy-burnham-angela-eagle-government-b1300748.html.
Dated from the outlet's own feed. Check the original for its byline.
As of October 14, 2026, Ofwat, the water industry watchdog in the UK, has proposed penalizing several water firms for failing to meet environmental and customer service targets in the 2025-26 financial year. These penalties will result in a total net bill reduction of £240 million by 2029-30, with £107 million being returned through customer bills in 2027-28. Yorkshire Water and Thames Water are set to return the largest amounts, at £75 million and £46 million respectively. However, recent plans by Ofwat also allow water companies to increase annual tariffs by an extra £3.4 billion on top of a 36% average rise over five years to 2030, potentially offsetting these bill reductions for many customers. Ofwat will finalize its decision on outcome delivery incentive payments by December 15, with changes taking effect from April 1, 2027.
It raised the spectre of a possible temporary nationalisation of debt-laden Thames Water as the Government looks to decide on a £10 billion rescue takeover put forward by lenders for the UK’s biggest water supplier.
The water industry continues to come under fire over sewage spills, supply failures and executive pay with calls growing for many firms to be brought back into public ownership.