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How many water companies will be subject to Ofwat's 'turnaround oversight regime' by end of 2024?
2
Resolution / Starting Odds
Only Thames Water • 25%
2 to 3 companies • 25%
4 to 5 companies • 25%
More than 5 companies • 25%
Official announcements from Ofwat
Story
Ofwat Announces £94 Water Bill Increase Over Five Years, 21% Hike
Jul 11, 2024, 06:38 AM
The water regulator Ofwat has announced that water bills in England and Wales are set to rise by an average of £94 over the next five years. This increase amounts to approximately £19 per year, or 21%, which is a third less than what water companies had requested. The proposed hike is part of Ofwat's 'draft determinations' aimed at addressing the financial crises faced by privatised water companies. Ofwat has also imposed a 'turnaround oversight regime' on Thames Water, opposing the utility firm's planned 44% hike in consumer bills and capping Thames Water bills at £535.
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Significant operational changes • 25%
Moderate operational changes • 25%
Minor operational changes • 25%
No operational changes • 25%
Stricter Fines • 25%
Mandatory Infrastructure Upgrades • 25%
Increased Monitoring and Reporting • 25%
Executive Accountability Measures • 25%
Fines imposed • 25%
License revoked • 25%
Both fines and license revoked • 25%
No action taken • 25%
Approved as requested • 25%
Approved with modifications • 25%
Rejected • 25%
No decision made • 25%
Thames Water • 25%
Severn Trent • 25%
United Utilities • 25%
Other • 25%
Improved market position • 25%
Stable market position • 25%
Deteriorated market position • 25%
Unchanged market position • 25%
Successful restructuring • 25%
Partial restructuring • 25%
No restructuring • 25%
Company takeover • 25%
United Utilities CEO • 33%
Severn Trent CEO • 33%
Thames Water CEO • 34%
Private Landowners • 25%
Individuals • 25%
Angling Groups • 25%
Swimming Clubs • 25%
Successful restructuring • 25%
Special administration • 25%
Nationalization • 25%
Other outcome • 25%