Average water bills in England and Wales will increase by 36% over the next five years, water regulator Ofwat has said, as companies get a green light to spend more money. Thursday 19 December 2024 07:45, UK Paul Kelso Thames Water ...
Spending will almost double to £104bn over five years, with £44bn going on new infrastructure and resources. In exchange bills will be permitted to go up by an average of 36%, with an allowed return to investors of just over 4%, an increase on Ofwat’s first settlement earlier thi...
Ofwat Wins Concession over Rising Water BillsMary FaganSarah Lambert
摘要: Water regulator Ofwat has warned households not to expect a cut in their water bills from April 2005, because of the rising cost of improving water quality and delivery and the need to ease City concerns over the risk of investing in the industry....
Watch the latest from ITV News - Household water bills will increase by an average of £31 a year by 2030, with Southern Water bills to rise by more than 50% in that time.
Thames Water Ltd.’s shareholders just played a game of chicken with regulators, choosing to walk away from a $6 billion asset rather than accept regulatory constraints. Seeking higher customer bills and reduced penalties, they gambled on funding infrastructure upgrades. But the standoff signals a...
Water scarcity turns into shortage when water supplies are mismatched with user demands. After clarifying the different social and private uses of water, I explain how to use prices to allocate treated (“utility”) water among municipal and industrial users and untreated (“raw”) water among ir...
The fine comes after Ofwat confirmed water companies will be allowed to hike customers' bills by 35% by 2030. PA The ruling falls well short of the 59% Thames Water had said it needed in the run-up to the decision, as the embattled water company tries to negotiate...
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. ...
Until now, the allegation thatexcessive dividends have been paidhas damaged Thames Water’s reputation, but never represented an existential threat. After all, the regulator sets the allowed return to equity and debt — and the level of equity is not munificent at something like 4 per cent re...