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Water firms submit pricing plans

11th August 2008

Water firms in England and Wales are presenting draft spending and pricing plans for the five-year period starting from 2010 to regulator Ofwat.

Thames Water expects bills to rise by about 3% a year above inflation during the period, and Northumbrian Water said its rise would be 1.3% above.

United Utilities plans to raise prices by 2.7% above inflation.

 

Thames Water, the UK's biggest water company, said its £6.5bn investment plan would be the largest spending programme carried out by a UK water company.

The firm said its customers had "enjoyed the lowest bills in the industry for many years", and while there would be "an inevitable impact on bills".

Related Links:

http://news.bbc.co.uk/1/hi/business/7552564.stm