Thames Water, UK's largest water company, seeks deal with Ofwat and government to avoid taxpayer bailout, proposing 40% customer bill increase by 2030.
UK's largest water company, Thames Water, is seeking a deal with regulator Ofwat and the government to avoid a taxpayer bailout amidst a £18bn debt pile. The company reportedly lobbies for a 40% increase in customer bills by 2030, leniency on regulatory fines, and flexibility on dividend rules. Struggling with sewage discharges and leaks, Thames Water's average annual water and sewerage bill is expected to rise by 6% in England and Wales, increasing £27 to £473.
February 28, 2024
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