Water company price squeeze looms

Ofwat has rejected an application for a water bill rise from Thames Water. The regulator and DEFRA are also putting pressure on water companies to drop prices in future

Ofwat has rejected Thames Water’s request to increase the bills of its 14 million customers by £29 next year.

Water companies in England and Wales were also urged to cut water bills from next year in separate letters from Ofwat chairman Jonson Cox and environment secretary Owen Paterson.

Thames Water applied to Ofwat in August for an 8% water bill rise in 2014/15 – mainly to buy land for Thames Tunnel construction. But Ofwat decided on 8 November this was not necessary.

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