The UK water regulator is considering reducing fines for financially troubled water companies, including Thames Water.
The Financial Times reports that this potential “recovery regime” aims to support these companies by easing regulatory penalties and encouraging investment in infrastructure improvements.
The proposed regime could include fewer fines and more realistic targets for addressing issues such as sewage spills, leaks and service outages.
This framework might be implemented for up to five years, during which Ofwat would enhance its oversight to ensure compliance and progress.
Energy Live News has contacted Ofwat for comment – the water regulator declined to comment.
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