Committee publication · Correspondence · 13 May 2025
Correspondence to Peter Perry, CEO, Dŵr Cymru (Welsh Water) regarding Reforming the water sector inquiry, dated 13 May 2025
From: Environment, Food and Rural Affairs Committee
Inquiry: Reforming the water sector
Summary
The Environment, Food and Rural Affairs Committee writes to Peter Perry, CEO of Welsh Water, seeking detailed information on remuneration models, dividend policies, and spending on advertising and legal fees. The committee expresses concern about bonus culture, varying standards across the water industry, and bill payer money spent on legal action against regulators.
Key findings
- Committee remains concerned about bonus culture and dividend policies with varying standards across the water sector
- Requests breakdown of remuneration committee selection, senior executive bonus policies, and five-year historical changes to these policies
- Seeks five-year breakdown of spending on advertisements and legal action against Ofwat, the Environment Agency, and the Drinking Water Inspectorate
- Notes Welsh Water's previous letter dated 28 March 2025 on remuneration policy but requests updated historical information
Tone
ProceduralTopics
water-utilitiesexecutive-remunerationregulationpublic-finance
Key actors
Peter Perry, Dŵr Cymru (Welsh Water), Environment, Food and Rural Affairs Committee, Ofwat, Environment Agency, Drinking Water Inspectorate
Notable line
“My Committee remains concerned about the culture of bonuses and paying dividends and the varying standards being applied.”
Key Quotes
“My Committee remains concerned about the culture of bonuses and paying dividends and the varying standards being applied.”
“My Committee is also concerned about bill payer money being spent on advertisements and legal action against Ofwat, the Environment Agency and the Drinking Water Inspectorate.”
Source · parliament.uk record ↗