Water regulator Ofwat to likely reject most water firms' price increase requests, potentially preventing a £915 annual consumer bill by 2030.
Water regulator Ofwat is expected to reject most water firms' requests for significant price increases, which could have led to a £915 annual consumer bill by 2030. Ofwat has delayed the announcement until July 11th and is reportedly considering granting only half of the requested increases. Thames Water, facing potential nationalisation, asked for a 59% hike to £749, while Southern Water requested a 91% increase.
May 27, 2024
5 Articles