Water Industry Warns of Investment Crisis Over Bill Caps

Regulator's proposed limits on bill increases could hinder infrastructure improvements and environmental goals, say water firms.

Thames Water proposes a 59% hike in average customer bills by 2030 to fund infrastructure upgrades.
Industry group Water UK claims bill caps will prevent meeting housebuilding targets and stop sewage spills.
Ofwat's draft determination suggests capping bill increases at 23%, significantly lower than water firms' requests.
Water companies argue that without higher bills, attracting investment for necessary improvements will be challenging.
Public and political concern grows over sewage spills and the financial management of water firms.