Thames Water appeals to competition regulator over cap on customer bills

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Theme Water attracts the competition organizer in the United Kingdom to review the price increases that can impose fees on customers over the next five years, as the largest water benefit in the UK is acquainted with the uninstallment.
Times water On Friday, he said that the level of bills stipulated in the OffAT organization did not “properly support investment and improvement” required for interest “to deliver their customers, societies and the environment during the next five years.
The tool, which provides water and sanitation services for about a quarter of the UK resident, has been allowed Fearful To raise bills by 35 percent by 2030, less than 53 percent of the sick handicraft.
Its customers will witness a third of family bills to 639 pounds from April, including inflation.
“We have made the decision to refer our final design to the authority of competition and markets in the interests of our customers and the environment,” said Sir Adrian Montage, Times Water President.
“We are focusing on the long -term business in the long run so that we can succeed in our transformation, building and maintaining infrastructure that supports growth and can bear the effects of climate change.”
The demand for increasing the bill comes at a time fraught with the Times water, which is wrestling with the debts of approximately 19 billion pounds. The company is waiting for you to hear next week whether the courts will agree 3 billion pounds to save the creditor To prevent its fall in the government’s private management system, a form of temporary promotion.
Last week, the Supreme Court judge I criticized off Watt and the government For its failure to engage in the court’s actions held to decide on the emergency loan of the facilities.
Theme Water argues that he needs money to deal with the company’s infrastructure. The company warned that it has 18 billion pounds of the origins of old age This poses a “threat to public safety, water supply and the environment.”
Most wastewater treatment plants lack sufficient tubes and tanks to treat enough liquid waste, according to a new research published by The Finance Times this week, while thousands of southern families were left in London without water supply this week.
The company is also investigated by Offat for its operation on more than 100 environmental improvement schemes that have been paid by customers during the past five organizational period and have not been delivered yet, as well as to pay excessive profits last year.
However, any increase in the additional bill will accumulate pressure on customers. Nearly half of the families in England and Wales have struggled to pay the price of their water over the past 12 months, while more than 8 percent of families – or 2.5 million people – were late in payment, according to the research published by Offat last month .
Most water companies have not yet announced whether to support Offat decisions on pricing and spending and have only a few days of the deadline.
To date, the three water companies, which are publicly quoted in Midlands and their partners, have accepted the three water-bactering, South West Water, Sutton, and East Surrey Water, unified facilities in northwest England-Off-off of Off of Off and Watt, in addition to DŵR Cymru Welsh water.
Among the regional monopolies, this leaves the financially troubled southern water, as well as Northbrian, Yorkshire, Anglian and Wesex to announce their hands.
CMA calls have been rare since privatization 34 years ago. However, four companies – Anglian, Yorkshire, Northbrian and Bristol – appealed to the World Agency during the recent organizational negotiations in 2020 and won.
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2025-02-14 08:36:00