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UK: Thames water bill hikes unwelcome by Ofwat

By  |  November 10, 2013

UK water regulator Ofwat has blocked the Thames Water Utilities’ planned price hikes of 8 percent onto consumer bills, declaring the price hikes reaching up to $46 were excessive.

The hikes, intended to cover the utility’s debts, resulting from a 16-mile tunnel built to update the sewage system.

Instead of the 8 percent bill hike, reports say Ofwat will allow a 4.6 increase in prices starting form April.

Thames Water has the right to appeal the decision, though the utility said it is reviewing the ruling before any decision is made.

Full Content: Bloomberg

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