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Market
Will Ofwat increase the average water bill by more than £94 over the next five years?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Ofwat or government publications
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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0-20% • 25%
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41-59% • 25%
60% or more • 25%
Approved as requested • 25%
Approved with modifications • 25%
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£500-£550 • 25%
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