Thames Water has said it will have to increase bills by 59% by 2030 in a new business plan for the coming years.
In its response to Ofwat's draft determination on water companies' plans, Thames proposed raising average yearly water bills to £666.50 per customer by 2030, a 52% rise. That could rise to £696, a 59% increase, if it is given extra spending allowances by the regulator. The average bill over the five year period from 2025 to 2030 would be £638 under the proposal. Average bills in 2023 to 2024 were £433.
" He added: "The money we're asking for from customers will be invested in new infrastructure and improving our services for the benefit of households and the environment. "They are not being asked to pay twice, but to make up for years of focus on keeping bills low.
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