Thames Water refused bill rise
The water regulator has rejected Thames Water's application to increase its prices by 8% (equivalent to extra £29 on bills) for 2014-15. Ofwat said: "We are not convinced that an extra bill increase is justified."
Ofwat rejects Thames Water's bid for 8% bill rise
Water regulator Ofwat has turned down Thames Water's application for an additional price increase for 2014 to 2015.
Ofwat says it was for Thames Water to justify the proposed 8% increase was in customers’ interests.
Within the three month timescale for assessing the application, the water regulator found the evidence the company submitted did not justify its proposed £29 additional increase in customers' bills.
Ofwat’s decision means the maximum that Thames can add to customers’ bills for 2014-15 is still 1.4% above inflation, as set in the 2009 price review.
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