A £40m fine, spread over five years
“Ofwat fines & penalties (annualised recent trend): £8m a year — '£40m fine in 2024 ÷ 5 years'”
misleading Retired in version 2.0.0, 2 October 2026.
Where it appeared: Model v1, 'The Value Add'; Briefing paper, section 3 (wording).
Why it failed
The 2024 case ended with a nominal penalty of £1 and a £39.4m redress package (bill reductions and money the company absorbed). It was not a £40m fine, and dividing it by five to forecast future fines had no basis.
Evidence
What the site says now
The 2024 case and the 2026 £44.72m package are described as redress, with sources.