Report
Ofwat reportedly plans to appoint Grant Thornton to monitor South East Water
Sky News reports the monitor's cost is expected to reach £6 million, paid by shareholders rather than customers.
TLDR
Sky News reports Ofwat is expected to appoint Grant Thornton to oversee South East Water's performance and turnaround plan, with an announcement likely in the coming weeks. The report follows the company's move to curb non-essential water use by thousands of business customers. Ofwat had previously announced a £30.5 million redress package after customers faced unreliable supplies between 2020 and 2023.
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