Prospects of 5 water companies are going through larger than anticipated rises to their payments after the businesses disputed limits imposed by the trade regulator.
The Competitors and Markets Authority (CMA) was known as in to assessment Ofwat’s determinations on what Anglian Water, Northumbrian Water, South East Water, Southern Water, and Wessex Water might cost prospects from 2025-30.
The CMA’s panel stated on Thursday: “The group has provisionally decided to allow 21% – an additional £556m in revenue – of the total £2.7bn the five firms requested.
“This additional funding is predicted to end in a mean enhance of three% in payments for purchasers of the disputing corporations, which is along with the 24% enhance for purchasers of those corporations anticipated as a part of Ofwat’s authentic willpower.”
The provisional determination confirmed that Wessex prospects confronted the most important enhance – on prime of the rise agreed by Ofwat – of 5%, leaving their common annual payments at £622.
Please refresh the web page for the fullest model.
