CMA Approves Limited £463 Million Revenue Increase for Five UK Water Firms

Water giants override Ofwat cap, getting richer as consumers suffer

In a move that favours corporations over consumers, the UK Competition and Markets Authority (CMA) has approved price hikes for four water companies. This comes despite a cap set by Ofwat to protect consumers during the cost-of-living crisis. Notably, this decision mirrors past attempts by water companies scrambling to offset costs resulting from their failure to maintain critical infrastructure. According to the Guardian, five companies appeale…

UK Water Firms Gets Limited Revenue Boost From Watchdog

UK water companies got the nod to raise customer bills further, though the increase will be modest after the Competition and Markets Authority largely backed limits set by the industry regulator.

Five water firms to hike customer bills by less than they wanted after ruling

Anglian Water, Northumbrian Water, South East Water, Southern Water and Wessex Water will be allowed an average increase of 2.2% in customer bills.

Anglian Water to hike customer bills by less than it wanted after ruling

Anglian Water has been told it will not be allowed to increase customer bills by as much as it wanted following a review by the UK’s competition…

UK competition regulator curbs water bill hikes to 2.2% for some firms

The British competition regulator said on Tuesday ​that an independent panel had rejected most ‌of the bill increases sought by five water companies, allowing the average customer bill to rise by ​2.2% instead of the larger hike the ​firms requested.

Water bills to rise AGAIN for millions as regulator allows £463million increase for five suppliers

Water bills are set to rise again for millions of households after the UK competition watchdog approved hundreds of millions of pounds in additional funding for five major suppliers