Struggling firm to appeal to CMA to increase water bills by more than Ofwat-approved 35% over next five years
Business live – latest updatesThames Water is to appeal to the UK’s competition regulator to be allowed to raise customers’ bills over the next five years even higher than previously granted.
The water company, which serves 16 million customers in London and south-east England, will ask the Competition and Markets Authority (CMA) for permission to raise bills from 2025 to 2030 by more than the 35% that the water regulator for England and Wales, Ofwat, approved last year.
Continue reading…Thames Water, Water bills, Utilities, Business, Competition and Markets Authority, Water industry, Household bills, Consumer affairs, Money, UK news, RegulatorsRead More
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