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Households in England and Wales will pay £123 more on average on their annual water bills from April, final figures show. The rise - higher than stated last month - will see the average annual ...
Ofwat said the increase would pay for a £104 billion upgrade of the water sector
Fresh figures released by Ofwat on Tuesday showed water companies have asked to hike consumer bills by even more than they originally requested, despite attempts by the watchdog to curb bill ...
The Water Services Regulation Authority, or Ofwat, is the body responsible for economic regulation of the privatised water and sewerage industry in England and Wales.Ofwat's main statutory duties include protecting the interests of consumers, securing the long-term resilience of water supply and wastewater systems, and ensuring that companies carry out their functions and are able to finance them.
The first payment is to get it through to the autumn, and a second is to be used if the company decides to appeal Ofwat's 35% bill rise to the Competition and Markets Authority (CMA) - a process ...
On 1 June 2024, Thames Water was set to be fined over £40m by Ofwat for payment of a shareholder dividend in late 2023. [50] On 11 July 2024, Ofwat put Thames Water into special measures, with a "turnaround oversight regime" subject to "heightened regulatory" scrutiny. Ofwat said Thames Water would be allowed to increase bills by £99 to £535 ...
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.
Household bills will initially rise by an average of £86 from April. Water companies have said they needed to increase bills to fund infrastructure projects designed to reduce pollution incidents.