Water regulator says Brits could see ‘a decade of falling bills’

Ofwat has signalled water customers could be at the start of “the decade of falling bills”. The water regulator’s Chair Jonson Cox believes prices could fall in real terms until 2025 at least. He said the upcoming price review is likely to set a new record for the “lowest ever regulated cost of capital for […]

Paterson pleads with water firms to curb prices

Water companies are being urged to scrap their planned price hikes for consumers and ease the pressure on householders’ finances. In a letter to the CEOs of all major water firms, Environment Secretary Owen Paterson (pictured) is calling on them to “look closely” at whether price increases are necessary and to introduce special tariffs for […]

Ofwat wants more money to pay for price review

Ofwat is proposing to increase the fees it charges water and sewerage companies to help pay for its next price review. The regulator is changing the way it performs the reviews and says it now needs more money for the next one in 2014. The reviews are paid for with charges levied on the companies […]