This will only mean one thing – higher bills for users.
Gamuitar on
Fine them until the owed is the same value as the company, take it back into public ownership and call the age old law of even stevens.
Adm_Shelby2 on
We bail them out, we fine them, they ask for a bailout…
ObiWanKenobiNil on
Higher bills for it’s customers then & no doubt the other water companies will then use Thames higher prices to raise them for the rest of us
lordnacho666 on
In other news, Thames Water customers were hit with the largest-ever water bill increase today
FewEstablishment2696 on
What’s the point? Seriously? Thames Water customers will pay this fine, so how does it help them?
Diligent-Buy-1300 on
Should be directly out of there bonuses that the bail out money paid for
Pancovnik on
Can’t wait for my „We are changing the prices for you“ letter.
MrB4rn on
Can someone please tell me what the chocolate teapot of a regulator has been doing with Thames Water and all the other unlawful water companies for the last 20 years?
Muffythepussyhunter on
Putting my bill up from £40 to £128 a month when I don’t take baths only showers I don’t water the garden etc. What a joke of a company run my greedy lazy people.
Jackie_Gan on
Hopefully they will look to recover dividends that were wrongly paid.
Also when are they going to hold the Execs accountable?
PR0114 on
If only the regulator OFWAT did their job sooner and actually regulated, we wouldn’t have got to this point where literal poo has been in our rivers for close to a decade.
Not to say the companies themselves aren’t to blame too but what is the point of OFWAT if we end up in these situations anyway. They’re not even protecting us from large price rises in the next few years.
Historical_Date_1314 on
Yet did they CEO’s not get a ridiculous amount of bonuses.
barcap on
> Of the total fine, £104.5m – 9% of Thames Water’s turnover – has been levied for breaches of wastewater rules. It’s just below the maximum 10% of turnover Ofwat could have applied.
Another £18.2m penalty will be paid for breaches of dividend payment rules.
Won’t that exacerbate the company’s deteriorating position further?
beachyfeet on
But won’t Thames Water just put up consumers‘ bills to pay for the fine and then the whole infrastructure gets shitter? I can’t see a scenario where their shareholders and executives opt to take less profit out of the system to cover the fine instead of passing it on to customers or spending even less on maintaining their leaky pipes
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15 Kommentare
This will only mean one thing – higher bills for users.
Fine them until the owed is the same value as the company, take it back into public ownership and call the age old law of even stevens.
We bail them out, we fine them, they ask for a bailout…
Higher bills for it’s customers then & no doubt the other water companies will then use Thames higher prices to raise them for the rest of us
In other news, Thames Water customers were hit with the largest-ever water bill increase today
What’s the point? Seriously? Thames Water customers will pay this fine, so how does it help them?
Should be directly out of there bonuses that the bail out money paid for
Can’t wait for my „We are changing the prices for you“ letter.
Can someone please tell me what the chocolate teapot of a regulator has been doing with Thames Water and all the other unlawful water companies for the last 20 years?
Putting my bill up from £40 to £128 a month when I don’t take baths only showers I don’t water the garden etc. What a joke of a company run my greedy lazy people.
Hopefully they will look to recover dividends that were wrongly paid.
Also when are they going to hold the Execs accountable?
If only the regulator OFWAT did their job sooner and actually regulated, we wouldn’t have got to this point where literal poo has been in our rivers for close to a decade.
Not to say the companies themselves aren’t to blame too but what is the point of OFWAT if we end up in these situations anyway. They’re not even protecting us from large price rises in the next few years.
Yet did they CEO’s not get a ridiculous amount of bonuses.
> Of the total fine, £104.5m – 9% of Thames Water’s turnover – has been levied for breaches of wastewater rules. It’s just below the maximum 10% of turnover Ofwat could have applied.
Another £18.2m penalty will be paid for breaches of dividend payment rules.
Won’t that exacerbate the company’s deteriorating position further?
But won’t Thames Water just put up consumers‘ bills to pay for the fine and then the whole infrastructure gets shitter? I can’t see a scenario where their shareholders and executives opt to take less profit out of the system to cover the fine instead of passing it on to customers or spending even less on maintaining their leaky pipes