NEWS IN BRIEF – EUROPE
- From: Vol 7, Issue 3 (March 2006)
- Category: Brief
- Region: Europe
- Country: Denmark, Germany and United Kingdom
- Related Companies: Christ Water Technology, KF Service GmbH, Sachsen Wasser, Setec, Severn Trent Water and Veolia
* UK water provider, Severn Trent will refund the £7 million overcharged to customers.
The move follows the publishing of Ofwat’s interim report investigating allegations made by a Severn Trent whistleblower. Ofwat, the UK regulator, concluded that Severn Trent had provided regulatory data that was either deliberately miscalculated or poorly supported. This led to unfairly high price limits, which would have resulted in customers paying an additional £42 million by 2009-10. Ofwat director ...
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