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Bill rises for all companies until 2030 have already been announced by the regulator Ofwat, with Thames Water bills rising from an average £435.56 to £534.79 – a 22.8 per cent increase.
In June 2018 regulators made Thames Water pay £65 million to customers, among other reasons because they failed to repair leaks. [83] In June 2023, Freedom of Information requests revealed that Thames Water leak levels were at their highest for five years. It was estimated to be losing 630 million litres (140 million imperial gallons) a day. [84]
Hampton Water Treatment Works buildings alongside the A308. Hampton Water Treatment Works are water treatment works located on the River Thames in Hampton, London.Built in the second half of the 19th Century to supply London with fresh water, the Waterworks was in the past a significant local employer, and its brick pumphouses dominate the local landscape. [1]
When Thames Water was privatised in 1989 it had no debt. However, over the years it borrowed heavily. Thames now needs to raise about £4bn in new equity too, which would not need to be paid back.
Chris Weston’s comments come ahead of a crunch Ofwat decision next week on whether Thames Water can increase consumer bills by 59%.
In March 2003 Thames Water identified that by 2005 there would be a deficit in water treatment and supply capacity in North London. To address this deficit a new water treatment facility was constructed on 1.5 ha site adjacent to the William Girling reservoir and the A110 road ( 51°38′11″N 0°00′57″W / 51.63629°N 0.01582°W ...
In 1989 the Thames Water Authority was partly privatised, under the provisions of the Water Act 1989 [3] with the water and sewage responsibilities transferring to the newly established publicly quoted company of Thames Water, and the regulatory, land drainage and navigation responsibilities transferring to the newly created National Rivers Authority which later became the Environment Agency.
Thames Water is one of the most heavily indebted of England and Wales' water companies, and interest payments on more than half of its debt rise with inflation, which has been high in recent years ...