16/10/2013

Water Regulator Temporarily Block Price Increase

A proposed price increase by Thames Water, who had sought to add an additional £29 to annual household water bills, has been blocked by Ofwat.

The water regulator has published a draft decision blocking the proposed price increase.

A period of consultation will follow to allow for the production of new evidence justifying the price increase, at which point Ofwat will make its final decision. Expected to be taken in November.

Thames Water have said that the price increase is needed to cover some £291 million in additional costs, saying that various items have cost more than initially estimated when the current price regime was established in 2009.

(MH/CD)

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