Ofwat poised to refuse most suppliers’ requests for big price rises
Water watchdog decision on bills in England and Wales delayed until after election, as Thames crisis loomsOfwat is poised to refuse most water companies’ requests to ratchet up consumer bills, with some getting as little as half of what they have asked for, the Guardian has learned.The decision from the water watchdog for England and Wales, Ofwat, has been formally delayed until 11 July because of the general election. Its verdict, known as a draft determination, comes amid a growing crisis in the water sector.Southern Water – 91% to £915Thames Water – 59% to £749Hafren Dyfrdwy – 56% to £676Severn Trent – 50% to £657Wessex Water – 50% to £822Yorkshire Water – 46% to £682Dŵr Cymru – 43% to £702United Utilities – 38% to £666South East Water – 35% £330Pennon – 33% to £644Portsmouth Water – 31% to £157SES – 30% to £315Anglian Water – 29% to £682Northumbrian Water and Essex & Suffolk Water – 26% to £530Affinity Water – 25% to £294South Staffs & Cambridge Water – 24% to £221Source: Consumer Council for Water
Data note: The figures are estimates which include forecasts for inflation of 2% a year up to 2030 to requests from water companies submitted to Ofwat. Continue reading...
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