Page last updated at 17:31 GMT, Tuesday, 23 February 2010

Ofwat allows 1.3% rise for Thames Water bills

Tap
Thames Water said the hike in bills was needed to fund planned works

Ofwat has allowed Thames Water to increase its bills by 1.3% in 2010/11.

The water regulator said the rise would equate to £4 for the average customer and make their annual bill for water and sewerage services £303.

Thames Water said the rise would help it invest £5bn over the next five years on upgrading water pipes and sewers.

In November 2009, Ofwat allowed Thames Water to make increases of 3% in total before inflation by 2015. The company had wanted a rise of 17%.

Regina Finn, Chief Executive Officer at Ofwat, said: "When setting limits on prices, we listened to Thames's customers.

"They told us that their priority is safe, reliable water supplies at a reasonable cost.

"We've challenged Thames to deliver that."



Print Sponsor


SEE ALSO
Thames Water warns of funding gap
30 Nov 09 |  London
Water companies ask for more cash
07 Apr 09 |  Business
Domestic water bills 'up by 4.1%'
18 Feb 09 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites

FROM OTHER NEWS SITES
Southern Daily Echo Water bills set to increase - 2 hrs ago
News and Star Cumbria water bills to fall 4.3 per cent says United Utilities - 3 hrs ago
Cambridge Evening News Water bills to remain stable but gap widens over metered readings - 5 hrs ago
Lowestoft Journal New water charges revealed for the region - 6 hrs ago
Wiltshire Business Online Wessex customers face no change - 7 hrs ago


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific