Water firms planning to raise bills, in resists regulator
Water companies are likely to seek bill increases to cover the cost of improving services, says the boss of Ofwat (Office of Water Services). Water companies are expected to request higher bills starting from 2025 in order to cover the costs of enhancing services, according to David Black, the head of regulator Ofwat. This move comes after major suppliers faced severe criticism for their poor records on sewage spills and leaks, as well as their significant debts. Thames Water, in particular, is currently at risk of government takeover due to its financial situation. Despite defending the regulator's performance, Black acknowledged the need for "hard lessons" and expressed his frustration with excessive executive pay in the industry. While acknowledging the criticism, Black stated on BBC Radio 4's Today programme that customers should anticipate bill increases as companies strive to make improvements. Former environment secretary George Eustice indicated that bills w