Ofwat confirms approach to PCC targets

Ofwat has confirmed that water company performance against per capita consumption targets will not be calculated until the end of the 2020 to 2025 regulatory period to best assess how Covid-19 has affected progress. Other performance payments have been calculated for 2020/21, with Severn Trent receiving the largest outperformance payment of £25 million and Thames receiving the largest underperformance deduction of £53 million.

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