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Pennon Group provides £20m customer payout under second round of WaterShare+

by Karma Loveday

Pennon Group has launched the second issuance of its WaterShare+ scheme, which will return £20m to its household customers. These include those of South West Water and Bournemouth Water, and for the first time, Bristol Water which was acquired by Pennon in 2021.


The voluntary scheme was launched in 2020 and shares outperformance benefits with customers as well as offering customers a stake in the company.


Chief executive of Pennon Group, Susan Davy, said: “We are pleased to be extending our WaterShare+ scheme to new customers across the South West, including Bristol Water customers for the first time. At a time when households across the UK are facing rising costs of living, we are proud to be the only water company to be offering such a scheme in which customers not only benefit directly and immediately, but have the opportunity to take a long-term stake and say in their region’s water company and shape how we move forward together.”

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