Water bills in England and Wales set to rise a third to fix broken sector
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2024
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Source: Reuters
Water Bill Increases: Water bills in England and Wales will rise by an average of 36% over the next five years to address sewage spills, with companies like Thames Water allowed to increase bills significantly despite their requests being higher than the regulator's approval.
Regulatory Accountability: Ofwat has emphasized the need for water companies to improve their environmental performance and has implemented fines for non-compliance, while also allowing companies to appeal the decision by February 18.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
