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The Guardian - UK
The Guardian - UK
Business
Alex Lawson and Helena Horton

Ofwat accused of ‘meaningless gesture’ after reducing Thames Water penalty

A Thames Water van and workers in Guildford, Surrey.
The regulator for England and Wales cut the penalty for Thames Water to £73.8m, down from £101m. Photograph: Maureen McLean/Shutterstock

The water industry regulator has been accused of making a “meaningless gesture” after it reduced the amount that Thames Water has been asked to hand back to customers over poor performance by more than a quarter.

Ofwat has published its final determinations on how much each of England and Wales’s water companies should give to customers after underperformance on targets in tackling leakage and sewage spills.

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