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Southern Water customers will be hit by the biggest increase, with bills going up 53% - £642 on average - by 2030. Wessex and Northumbrian Water bills will go up by the smallest amount - 21%.
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.
When Thames Water was privatised in 1989 it had no debt. However, over the years it borrowed heavily. Thames now needs to raise about £4bn in new equity too, which would not need to be paid back.
In July 2023, Thames Water was fined £3.3m after discharging undiluted sewage into two rivers, the Gatwick Stream in Sussex and the River Mole in Surrey, killing more than 1,400 fish in October 2017. [109] In 2022, according to a BBC investigation, Thames Water illegally discharged sewage hundreds of times on days when it was not raining.
The government is scrambling to put together a plan to rescue Thames Water over increasing fears the company is set to go bust.. The utility giant is struggling under a £14 billion debt pile it ...
Deregulation was designed to deliver lower bills, increase water usage efficiency and improve customer satisfaction. As of 2022, the deregulated non-household market includes 1.2 million businesses, charities and other organisations. [28]
The peak energy consumption of the plant is 17.6 MW in worst-case conditions, and the average power consumption was estimated at 14 MW, which results in an energy usage of 2.27 kWh per cubic metre of water produced. [12] In 2022, Thames Water revised the usable output of the plant down to 100 megalitres per day, because of "unrealistic ...
Thames Water, the UK’s biggest provider, which is in emergency talks over a £15 billion debt pile and a worsening financial situation, has asked for a 53% rise.