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Thames Water launches appeal over bill limits

Thames Water has appealed to the Competition and Markets Authority against Ofwat's decision to cap bill increases at 35%, requesting a 53% increase to fund necessary improvements by 2030.
Thames Water claims the Final Determination limits its ability to deliver affordable water services and needed improvements, stating there remain significant gaps between funding and requirements for the next five years.
The company faces substantial debt of approximately £19 billion and states it will be effectively bust by March 24, awaiting a court ruling for further emergency funding.
Chairman Sir Adrian Montague emphasized that the appeal aims to ensure long-term stability, saying they are focused on putting the business on a long-term stable footing.

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The Canary

Thames Water has the audacity to insist it wants to raise bills by 59%

Thames Water is set to appeal to a regulator to allow it to charge even more to customers. They’re going to the Competition and Markets Authority (CMA) to ask to raise bills by a whopping 59% over the next 5 years. That far outstrips the 35% limit set by the Water Regulation Authority, or Ofwat. Thames Water is outrageous The move is particularly outrageous given Thames Water’s recent piss-poor performance. Just yesterday, the Canary’s Steve Top…

8 days ago·United Kingdom

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The Sun

Water firm asks watchdog if it can charge customers more following 35% bill rise

A WATER firm with two million customers has asked the regulator if it can charge customers more following a 35% bill rise.Thames Water is asking Ofwat

8 days ago·United Kingdom

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Oxford Mail

+2 Reposted by 2 other sources

Thames Water asks watchdog to let it charge even higher bills

Oxfordshire utilities provider Thames Water has asked the industry's competition regulator to increase bills for its customers even further.

8 days ago·Oxford, United Kingdom

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BBC News

Thames Water appeals against limit on bill rises for customers

The water company has lodged an appeal against the cap on what it can charge customers.

8 days ago·United Kingdom

Thames Water launches appeal over bill limits | Money News | Tech, Entertainment, Sport, Fashion, Travel News

Crisis-hit Thames Water has launched a bid to charge its customers more over the next five years than the industry regulator will allow, arguing it has been unfairly treated. Britain’s biggest household supplier, which is in a battle for survival as it grapples a £19bn debt pile, had sought a 53% hike to bills from […]

8 days ago·United Kingdom

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