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The latest requests by water firms would see the average bill in England and Wales grow by 40% by 2030, rising to £615 per year. ... Ofwat is due to make a final decision on bills increases on ...
Regulators have allowed water firms to raise bills significantly over the next five years. PA news agency asks why, and explains what happens next.
Thames Water is hoping to secure an emergency cash injection or face runing out of money in weeks. ... a decision by the regulator Ofwat to increase bills by 35% above inflation over the next five ...
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.
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.
The asset management plan period was introduced as a result of the privatisation of the water industry in England and Wales.The AMP periods are linked to the regular price reviews used by the Water Services Regulation Authority (Ofwat) to set the allowable price increase for consumers (known as the k factor).
Ofwat said the increase would pay for a £104 billion upgrade of the water sector
The regulator will set out by how much England’s suppliers can raise consumer bills over the next five years in a draft ruling. Ofwat to issue bills ruling as water firms to meet Environment ...