Typical water bills expected to reach £2,000 annually by 2050, according to Ofwat
The average household bill for water in England and Wales is projected to reach £2,000 annually by 2050, according to industry regulators. This estimate comes from a report prepared for a government-commissioned survey led by Sir John Cunliffe, where OFWAT emphasized the necessity of “significant investments” to ensure an adequate water supply and prevent depletion […]
River campaigners to sue Ofwat over water bill rises | Water
Environmental groups are taking legal action against OFWAT, the water controller, accusing customers of making them pay illegally for decades of neglect by the fisheries. River Action filed a legal claim this month, claiming that if the bill rises for customers approved by regulators, it could be used to fix infrastructure failures that should be […]
Ofwat opts for expediency. It’s time for water companies to stop bleating | Nils Pratley
WSubsequent banknotes in England and Wales were always to be significantly increased in value. The problem was the degree. Ofwat has come up with a figure that roughly represents the amount of money that around three-quarters of businesses need to fund their regular operations and build new projects. The stock price reactions of the few […]