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”.
Denne historien er fra August 29, 2024-utgaven av The Independent.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 29, 2024-utgaven av The Independent.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Carse justifies England faith as the archetypal bold pick
If you won a boxing match after your opponent continually punched themselves in the face, how much credit can you take?
Tenacious Diallo the key to Amorim pressing machine
Old Trafford has not seen anything like this before.
Gold King Cole packs the Bridge with merry old souls
In the 83rd minute, the ball rolled to the feet of Cole Palmer in a bubble of space outside Aston Villa's box, and the crowd snapped to attention.
Vibrant Anfield marks the changing of the Guardiola
There was a lull in the noise, a break in the Anfield atmosphere, when a defiant chant emerged from a corner near Stefan Ortega’s goal.
What is so daunting about Spain's new data checks?
Q You have written about the new “red tape” for visitors to Spain. So, as well as your usual passport details you will give a contact number, address and email. Not exactly the Spanish Inquisition, is it?
Sectarian clashes claim at least 130 lives in Pakistan
At least 130 people were killed in deadly sectarian clashes in Pakistan's northwestern Kurram district in spite of a tentative ceasefire, days after gunmen opened fire on a convoy of vehicles carrying Shia Muslims, local officials said.
Coalition government likely in Ireland as count proceeds
Fianna Fail say decisions on power-sharing for another day’
How Syria's forgotten war is back on the world's agenda
Many believed the country was lost in an unsolvable conflict, until everything changed in a matter of days, writes Bel Trew
Assad regime scrambles to halt Syrian rebels’ advance
Civilians reportedly killed by Russian and Syrian airstrikes
Mother of poisoning victim says she knew she would die
Lawyer Simone White succumbed to the effects of methanol while backpacking in Laos with two of her childhood friends