Ofwat has said
a level from
next April
will be around £19 a year increase.
Thames Water
have stated they must have a Larger Increase
or they will close down.
Thames Water is also paying their CEO
£195K Bonus
[The boss of Thames Water has taken a
£195,000 bonus for his first three months
in post at the same time as
urging regulators to allow the troubled
utility to hike customer bills by
nearly 60 per cent.]
This a Pay Online Link, now
https://inews.co.uk/news/thames-wate...-hikes-3160764
https://www.bbc.co.uk/news/articles/cyx0jxrq7y4o
[The bill hike is intended to fund investment
for improvements such as replacing
leaking pipes and reducing sewage
discharges into rivers and seas.
It comes as suppliers face increasing scrutiny
over their environmental and
financial performance over the past years,
as well as anger over executive pay.
The bill hike varies by region,
with Thames Water customers facing
an increase of £99 or 23%
over the next five years,
Anglian customers looking at £66 or 13%,
and Southern Water customers facing £183,
an increase of 44%.
The proposed bill rises can be challenged by
the water firms, with a final determination
due at the end of the year with increases
set to take place from April.
David Henderson, chief executive of industry
group Water UK, told BBC business editor
Simon Jack:
"We think they’ve [Ofwat] got this wrong."
"This is an unrealistic and unfair decision
from Ofwat and our economy and
environment will pay the price," he said.
A spokesperson for the lobby group
said the proposed plans were
"the biggest ever cut in investment."]