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Thames Water saw a 40% increase in pollution incidents in the first half as its debts continued to spiral. ... rising bills, high dividends, and executive pay and bonuses at the UK’s privatised ...
Thames Water has been at the centre of growing public outrage over the extent of pollution, rising bills, high dividends, and executive pay and bonuses at the UK’s privatised water firms.
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 ...
In June 2018 regulators made Thames Water pay £65 million to customers, among other reasons because they failed to repair leaks. [82] 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. [83]
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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.
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 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.