Thames Water seeks 45pc bill rise as it piles pressure on Ofwat
8 months ago

Thames Water seeks 45pc bill rise as it piles pressure on Ofwat

The Telegraph  

It emerged on Monday that feared US hedge fund Elliott, owner of Waterstones, has been buying up debt in Thames Water in a bid to profit from its recent turmoil, the Financial Times reported. The need for increased revenues at Thames Water has been made increasingly acute after shareholders, such as China’s sovereign wealth fund, cut off funding last month. Chancellor Jeremy Hunt has already criticised the prospect of higher bills, claiming earlier this month that it would be “utterly outrageous” for regulator Ofwat to allow Thames Water to charge households more. In its latest submission to Ofwat, Thames Water said annual bills could also hit £608 under a reduced investment package worth £19.8bn.

History of this topic

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4 days, 1 hour ago
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