Summary
Anglian Water is set to pay £62.8m after an investigation found issues with how it managed its sewage systems. The company will invest in improvements and contribute to community projects as part of the resolution process. Customers' water bills are expected to rise as Anglian Water works to reduce sewage spills.
Key Facts
- Anglian Water must pay £62.8m due to problems in managing sewage works.
- Ofwat, the regulator, found "excessive spills" from storm overflows.
- Anglian Water will spend £57m to improve wastewater flows and £5.8m on community projects.
- The company's chief executive won't receive a bonus because of last year's performance.
- By 2030, Anglian plans to cut spills in half, with investments up to £1bn.
- Average household water bills are projected to increase from £491 to £631 by 2030.
- Costs are rising partly due to past low investment in infrastructure.
- Anglian Water is owned by a firm registered in Jersey with shareholders from Canada, Australia, and Abu Dhabi.
