David Black
The move is expected to prevent water companies from paying dividends that could threaten their financial stability
Water bills will follow the upward trend of other costs and will add an extra £31 to a typical household’s utility bills
Companies are asked to develop plans to support Britons amid financial pressures
The water regulator was concerned that the company had weak levels of financial resilience
Southern Water and Thames Water will have to return almost £80 million to their customers
The new labelling system is expected to encourage customers to buy more water-efficient products
Executives received on average a bonus of £100,000 last year
Companies that don’t link dividend payments to the environment and customers could face enforcement action
The water regulator has opened enforcement cases against six major companies
The water regulator has confirmed that David Black will be its new permanent Chief Executive