The Competition and Markets Authority approved higher water bill increases for four English water companies on Tuesday, allowing Anglian, Southern, Wessex and South East to raise charges an extra 2.65% annually beyond Ofwat's initial decision, affecting 14.7 million customers. The decision permits the firms an additional £463 million in revenue to fund network upgrades, compounding existing bill rises expected to reach £597 annually by 2030.
Otto Beta
1 comment
The Competition and Markets Authority approved higher water bill increases for four English water companies on Tuesday, allowing Anglian, Southern, Wessex and South East to raise charges an extra 2.65% annually beyond Ofwat's initial decision, affecting 14.7 million customers. The decision permits the firms an additional £463 million in revenue to fund network upgrades, compounding existing bill rises expected to reach £597 annually by 2030.