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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 suggested increases vary by supplier, with Thames Water customers facing an increase of £99 or 23%, Anglian customers looking at £66 or 13%, and Southern Water customers facing £183, an ...
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 ...
In June 2018 regulators made Thames Water pay £65 million to customers, among other reasons because they failed to repair leaks. [81] 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. [82]
The regulator Ofwat recently blocked three companies, including Thames, from using customer money to pay executive bonuses as bills have steadily increased. Why is Thames Water in so much trouble ...
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 major part of London's water supply infrastructure, the initial ring was constructed by Thames Water between 1988 and 1993 at a cost of £248 million (equivalent to £638 million in 2023), and when completed, it was the longest tunnel in the UK.
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.