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Water firms then had a chance to put forward updated requests for bill increases. Anglian hiked its request to £649 in annual bills. In Ofwat’s final decision, it allowed Anglian to charge ...
However, the water industry wants bills to rise by an average of 33% by 2030. It warned that the increase proposed by Ofwat would not be enough to tackle the range of problems which the industry ...
The hearing comes after regulator Ofwat ruled in December that water companies could raise bills by 36% on average, before inflation, over the next five years to pay for a £104 billion upgrade to ...
Ofwat granted an average bills increase of 36% versus current levels, or £157 over the next five years. The lion’s share of that increase, an average of £86, will come in 2025.
Households are going to be hit with a hike in water bills of at least 20 per cent to fix the UK’s “broken” sewage system, the environment secretary has said, sparking a backlash amid fears ...
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.
Water bills are set to rise by £86 on average in 2025 following regulator Ofwat’s price review. This marks the first stage of a 36 per cent increase in bills over the next five years.
An independent review into the water industry could consider abolishing regulator Ofwat among other measures to reform the sector, after a public outcry over bills, bonuses and sewage pollution.