Cash-strapped Thames Water ponders appeal against Ofwat bill cap

Dec 19, 2024 · Thames Water bosses are considering an appeal against the regulator’s cap on bill increases as the troubled utility scrambles to avoid a taxpayer bailout. Britain’s biggest …

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Thames Water Fined For ‘unjustified’ Dividends - But Bills To Rise 35pc

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Dec 19, 2024 · Ofwat has announced that average water bills will rise by £31 a year as suppliers scramble for cash to cover their rising debt piles and invest in fixing sewage spills, writes Alex …

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Cash-strapped Thames Water Considers Appeal Against Ofwat Bill …

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Dec 19, 2024 · Britain's biggest water supplier was dealt a blow when Ofwat ruled it could charge customers 35% more by 2029 - not the 59% it asked for.

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Cash-strapped Thames Water Is Considering An Appeal Against …

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Dec 19, 2024 · Britain's biggest water supplier was dealt a blow when Ofwat ruled it could charge customers 35% more by 2029 - not the 59% it asked for. Friday, December 20, 2024 Home

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Thames Water Says It Must Hike Customer Bills By Nearly 60% By …

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Aug 28, 2024 · It comes as the water sector issued a warning to Ofwat that its bill cap plans could create a “material risk” that suppliers may fail to raise enough cash to invest in stopping …

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Thames Water Secures Financial Future Until October Next Year At …

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Oct 25, 2024 · The cash-strapped company has been struggling to secure fresh funds from existing shareholders after they withdrew a promised investment of £500m amid a funding row …

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Water Firm Planning To Hike Bills By Up To 59% Next Year - £228 …

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Aug 28, 2024 · Thames Water’s filings reveal that it needs to raise £3.3billion of new finance for its investment plans. Credit: Rex. Thames Water has lodged paperwork with Ofwat with a …

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Ofwat Insists It Was Powerless To Stop Thames Water's Debt Pile

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Jul 6, 2023 · Cash-strapped Thames Water ponders appeal against Ofwat bill cap John Lewis granted royal warrant by King Charles BT defeats £1.3bn class action case amid claims it …

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Thames Water Faces New Cash Crunch After £104m Fine - The …

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Aug 6, 2024 · Thames Water’s cash crisis has deepened after it was hit with a £104m fine for a “catalogue” of sewage failings.. Britain’s largest water supplier has been handed the penalty …

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Thames Water Says It Must Hike Customer Bills By Nearly 60% By …

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Aug 28, 2024 · Thames Water says it must hike customer bills by nearly 60% by 2030 The utility giant warned that Ofwat’s plans over bill increase caps could prevent its turnaround, as the …

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Thames Water Has Enough Liquidity For Just 11 Months Ahead Of …

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Jul 9, 2024 · Thames Water had liquidity worth approximately £2.5billion at the end of March, but this slumped to nearly £1.8billion by 30 June, of which £1.5billion comprised available cash …

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Thames Water Boss Sarah Bentley On £2m A Year Gets £727,000 …

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Jul 24, 2022 · Cash-strapped Thames Water ponders appeal against Ofwat bill cap as it scrambles to avoid a taxpayer bailout ... Thames Water boss Sarah Bentley will be handed a …

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Thames Water Warns It Will Run Out Of Cash In 11 Months

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Jul 9, 2024 · Thames Water, which has 16 million customers in London and the Thames Valley region, put forward plans in April that would see spending rise to £19.8 billion to update its …

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FAQs about Cash-strapped Thames Water ponders appeal against Ofwat bill cap Coupon?

Why are Thames Water bosses appealing a cap on bill increases?

Thames Water bosses are considering an appeal against the regulator’s cap on bill increases as the troubled utility scrambles to avoid a taxpayer bailout. Britain’s biggest water supplier was yesterday dealt a blow when Ofwat ruled it could charge customers 35 per cent more by 2029 – not the 59 per cent it asked for. ...

Will Thames Water appeal a 35pc bill increase by OFWAT?

Thames Water has said it will “take time to review” the proposed bill increases by Ofwat, after the regulator granted it a 35pc increase for bills over the next five years. The supplier said it will tell customers how much more they will pay next year by early February, but left the door open to a possible appeal against the regulator’s decision. ...

Does Thames Water really need a cap on customer bills?

Debt-laden Thames Water has now come back saying that it believes customer bills need to rise by far more than Ofwat has proposed – and even more than the firm itself first put forward. Thames Water said Ofwat’s proposed cap “is not tenable and renders our plan uninvestible” and could prevent “the turnaround and recovery of the company”. ...

Will Ofwat's bill increase caps prevent a turnaround?

The utility giant warned that Ofwat’s plans over bill increase caps could prevent its turnaround, as the wider sector also hit out at the curbs. Thames Water is in the grip of a funding crisis (Martin Keene/PA) (PA Archive) This election is still a dead heat, according to most polls. ...

Should Thames Water bill increases be capped?

Thames Water put forward plans in April to increase bills by 44% in the five years to 2030. But Ofwat has proposed that Thames Water bill increases should be capped at 23% over that period and spending at £16.9 billion. ...

Will thames'review' Ofwat's decision on bills?

Thames can ask Ofwat to refer the decision on bills to the competition watchdog in a bid to hike the amount it can charge to pay for infrastructure works. Yesterday, it said it would ‘review’ the regulator’s decision before making a statement in February. The deadline for a referral to the Competition and Markets Authority is February 18. ...