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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 Communities Secretary branded the water company’s leaders ‘a disgrace’ and claimed the firm had acted in an ‘arrogant way’ towards its customers. Thames Water management, not bill ...
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 ...
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 ...
It was ordered to apply reductions totalling £101m to customers' future bills. [33] In October 2023, Thames Water, along with Southern Water, SES Water and South East Water, was named by Ofwat as one of the four worst performing water companies, all needing to dramatically improve their financial performance. [34]
The Metropolitan Water Board's former headquarters at New River Head. Now residential (2005). Water supply in the London area was regulated by local acts and royal charters on a piecemeal basis from 1543. Through amalgamation, by 1830 there were six companies supplying water north of the Thames: The New River Company incorporated in 1619
A particularity of water tariffs in the U.K. is the low share of metering. Most users are not billed on a volumetric basis and have no financial incentive for water conservation. Since the 1990s efforts have been made to increase the share of household metering, which reached 33% in 2008. [2]
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.