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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.
The boss of Thames Water has defended executive bonuses as the firm calls for a hike in customer bills to ensure its survival. Chris Weston said the supplier needed to offer "competitive packages ...
As of 2022, Thames Water extracts, treats and supplies 2.5 billion litres (550 million imperial gallons) of drinking water per day using 97 water treatment works, 308 clean water pumping stations and 31,100 km (19,300 mi) of managed water mains to 10.2 million customers (4 million properties) across London and the Thames Valley. [64]
Customers are facing a steep rise in their water bills. In July, Thames told the industry regulator Ofwat that it wanted to increase annual bills by 23% between 2025 and 2030.
A study commissioned by the German industry association BGW in 2006 compared the average household water and sanitation bill (as opposed to the tariff per cubic metre that the NUS study used as a comparator) in four EU countries. This study showed that water bills in England and Wales were the highest among the four countries.
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.
A group of Thames Water’s lenders has called on more firms to help foot the bill for a £1.5 billion cash injection designed to give the struggling water company a temporary lifeline.
One of the major resources provided by the Thames is the water distributed as drinking water by Thames Water, whose area of responsibility covers the length of the River Thames. The Thames Water Ring Main is the main distribution mechanism for water in London, with one major loop linking the Hampton , Walton , Ashford and Kempton Park Water ...