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Ofwat acted after it came in for fierce criticism from the Public Accounts Committee last year for consistently overestimating companies' costs when setting price limits - leading to higher bills.
This comes after Ofwat drew harsh criticism from the Public Accounts Committee last year for consistently overestimating companies' costs when setting price limits, leading to higher bills for customers.
Cathryn Ross, chief executive of Ofwat, said: "The uncomfortable truth is that, when it comes to retail offers, water companies provide an analogue service in a digital age.
Amyas Morse, head of the National Audit Office, said: "Since privatisation, Ofwat and Defra have overseen major improvements in water quality and service quality.
These redundancies will add to growing fears that Ofwat is looking to close its office in Birmingham.
7 million people across the region - will now enter a five-week consultation period with Ofwat to negotiate the final figure.
It is important that you are at home when the Ofwat and Environment Agency visit you to collect the water samples.
WARRINGTON water company United Utilities could shed between 10% and 20% of its 9,000-strong workforce as it prepares to accept strict new pricing guidelines from regulator Ofwat, it was reported yesterday.
Summary: Ofwat has announced its final decision on prices, calling for average household bills to be reduced by around Au3 to Au340.
The Times said the company had been visited by Ofwat, the industry regulator, who interviewed several employees.
Shares at Midland water giant Severn Trent dropped sharply after regulator Ofwat published draft plans to reduce water bills for families.
Britain's water suppliers have submitted proposed rises of up to 21 per cent over the next five years to industry regulator Ofwat.
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