UK government to make unprecedented intervention in setting of water bills
Reported by The Guardian Business, not nibnow. We are not the publisher of this story, only the source is.
The government’s planned intervention could lower water bills and force companies to reduce leaks and sewage overflows, directly affecting household costs and service quality.
Exclusive: Angela Eagle tells utility bosses next price review ‘must focus on value for money for customers’ Ministers will make an unprecedented intervention in water bills and how companies prioritise investment, directing bosses to bring down costs and stop leaks and sewage overflows. Angela Eagle, the environment secretary, has told suppliers in England and Wales she plans to intervene in the next price review – conducted by the water regulator, Ofwat. Continue reading...
In England and Wales, water prices are set through periodic reviews conducted by the regulator Ofwat, which balances company investment needs with consumer affordability.
- •The next Ofwat price review and any resulting price caps or adjustments
- •Specific measures the government mandates for reducing leaks and sewage overflows
- •Reactions from water utilities and potential changes to their investment plans