Thames Water Bills Can Rise More Than Inflation, Says Ofwat
The UK's biggest water company has put forward an investment offer that could increase customer bills even more than the 40% rise it already requested. Thames Water, which serves 16 million customers in the south of England, has proposed increasing spending by £1.1bn and revealed another...
A boss at troubled Thames Water has warned that bills will have to go up across the country if the industry is to meet its investment challenges despite anger over its business models . Interim joint chief executive Cathryn Ross told a committee of MPs that whileThameswas currently prevented fr...
The investors, a group of mostly international pension and wealth funds including Ontario Municipal Employees Retirement System and China Investment Corp., sought a 40% increase in customer bills and reduced penalties for poor performance. This, in their view, was what was needed for Thames Water ...
Thames Water, which is struggling under a huge debt pile, will be able to charge customers 35% more, with bills going up to £588. From BBC Capital FM presenter Jordan North was rescued on the River Thames after saving a dog struggling in the water. From BBC Partly thanks to the Tham...
Shareholders had been due to inject another £500mn into Thames Water by the end of last month, but last week refused to do so unless regulator Ofwat approved a 56 per cent real-terms increase in customer bills by 2030 and offered concessions on dividend rules and leniency on fines. Ofwat...
Ofwat has also announced, in respect of Thames’s request for an 8% increase on customer bills, that it intends to investigate whether there is a case for claiming money back from Thames Water for underspends on sewer flooding and treatment, and inadequate maintenance on parts of its ...
Macro changes are a paradigm example of equity risk. The entire point of privatising something is to transfer risks like this to the private sector. Similarly on the change in scope, that’s something which was within the company’s control: if it chose to increase scope, it will have to...
Thames Water Bills Can Rise More Than Inflation, Says Ofwat [Edition 2]MILLIONS of Thames Water customers face inflation-bustingincreases in their water bills over...By Robert LeaJonathan Prynn
Yesterday, the Financial Times reported that "Thames Water is lobbying the government and industry regulator Ofwat to let it increase bills, pay dividends and face lower fines as it seeks to avoid a potential multibillion-pound taxpayer bailout". The paper said that, in a move "seen by ...