Water bills: Thames closer to end game as UK pays high price for failure of industry oversight

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Sky's Paul Kelso writes there are no winners from Ofwat's draft verdicts on water firm business plans, with the largest supplier now tipped to find it even harder to raise the new investment it says is desperately needed to ensure its survival.

Ofwat's determination that customer bills must rise 21% on average to keep the water industry afloat amounts to an admission of a torrent of failures; of regulation, of foresight, and the management of regional monopolies that at times appear to be competing only to prove that the 35-year privatisation regime has been a mistake. The fact that bills will increase is not the problem.

The era of low interest rates and cheap money is long gone too, making it more expensive to borrow and returns less competitive, particularly if investments come with intense political and public scrutiny. The challenge is most acute to Thames Water, up to its neck in debt, burning through cash and struggling to replace £3.5bn of new equity promised by shareholders who have now declared they are out.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 35. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Inside the £1.5bn legal case against water companies over sewage pollutionThe six water companies involved are Thames Water, Severn Trent, Northumbrian Water, United Utilities, Anglian Water and Yorkshire Water
Herkunft: i newspaper - 🏆 8. / 89 Weiterlesen »