Ofwat

/ ˈɒfˌwɒt /

noun

1. Office of Water Services: a government body set up in 1989 to regulate the activities of the water companies in England and Wales, and to protect the interests of their consumers

Example Sentences

The announcement will come as part of an Ofwat update into executive pay and financial resilience across the sector.

From BBC

Ofwat has new powers to prevent bonuses being funded from customer bills if the company is judged to have missed environmental or performance targets.

From BBC

The majority of those lenders to Thames have offered to throw it a financial lifeline loan of up to £3bn at high interest rates to tide it over till next year in the hope that Ofwat will agree to bill rises as high as 50% to encourage new investors to inject over £3 billion needed to get its debt levels stabilised.

From BBC

A £195,000 bonus awarded to the boss of Thames Water should not be paid for by customers, regulator Ofwat is expected to say on Thursday.

From BBC

Earlier this year, Thames Water owners refused to follow through with a promised cash injection for the troubled company after Ofwat indicated it was not prepared to accept requests for bill rises of 44% above inflation over the next five years.

From BBC