Fears that customers' Thames Water bills could surge by 44 percent as troubled water company admits...

Bills could rise to £627 a year by 2030 under the new plansThere are fears that customers' Thames Water bills could surge by 44 per cent as the troubled water company unveiled new plans to boost spending.

If Ofwat was to give the full plans the go-ahead, this would see customer bills rise to £627 a year by 2030.There are fears customers bills could rise by 44 per cent to cover the proposed increase in spendingThames Water Chief Executive Chris Weston said the updated business plan 'will benefit the environment'

Thames Water has had to rethink its business plan in a bid to stave off collapse as it crumbles under the weight of £15 billion of debt. The company had £2.4 billion cash available as of February, enough for it to remain solvent until next year.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fears that customers' Thames Water bills could surge by 44 percent as troubled water company admits...The group, which is battling to survive amid a funding crisis, has admitted it needs £1.1 billion more than previously thought to fix sewage spills and leaks in a new business plan.
Source: DailyMailUK - 🏆 7. / 90 Read more »

Thames Water funding woes deepen after shareholders pull investment planThe Reading-based firm which serves 16 million customers across the Thames Valley and London said it was in ongoing talks with industry regulator Ofwat.
Source: itvnews - 🏆 69. / 61 Read more »