In its response to Ofwat's draft determination on water companies' plans, Thames proposed raising average yearly water bills to £666.50 per customer by 2030, a 52 per cent rise.
That could rise to £696, a 59 per cent increase, if it is given extra spending allowances by the regulator. The average bill over the five-year period from 2025 to 2030 would be £638 under the proposal. Average bills in 2023 to 2024 were £433. The proposal is an increase on Ofwat’s proposal of raising bills by 23 per cent over the period, which the regulator put forward in July.
It is also more than Thames’ previous planned increase of 44 per cent, submitted to the regulator in April. Thames Water said Ofwat’s proposed cap “is not tenable and renders our plan uninvestible”.
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