Three water companies, including Thames Water, Yorkshire Water, and Dŵr Cymru Welsh Water, have been blocked from using billpayer money for executive bonuses deemed undeserved by Ofwat due to performance challenges, totaling £1.5 million. Ofwat used new powers to intervene, with six other companies voluntarily funding bonuses. 73% of bonus payments across nine companies will not be paid by customers, with potential legislation to further restrict performance-related pay. Despite rising water bills expected over the next five years, customers can reduce costs through water-saving measures, meters, and social tariff options available from providers.
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Britain’s household energy bills to rise from January
Household energy bills in Britain will rise by 1.2% in January, with the price cap set to increase to £1,738 a year. The higher cap reflects the impact of rising wholesale gas prices, despite some cheaper deals returning to the market. The UK government faces criticism for the price cap rise and cutting winter fuel payments, as industry executives and campaigners call for additional support for struggling households. Full Article
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