The industry regulator Ofwat is set to reject most water companies’ requests to increase consumer annual bills, it is claimed
Water firms have asked for bills to rise under new plans being examined by regulator Ofwat Ofwat is due to announce its draft decisions on its 2024 price review which will set the levels of service water customers can expect and the bills they will pay for 2025 to 2030.
South Staffordshire and Cambridge Water are requesting the lowest rise – of 24 per cent – which equates to a £43 rise in their bills.
The consultation will see Ofwat give its initial verdict on water companies’ business plans until the end of the decade, which it does every five years. The regulator says the new price controls set as part of its 2024 review will still come into effect on April 1 2025, despite the later publication date for its draft decisions.It’s not yet clear which companies have had their requests turned down or how much of their proposed bill increases have been rejected.
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