i'm going by what Ofwat agreed in price review some months back, setting prices and rises for 2025-2030. the reporting says this will all come in 2025. maybe it does, followed by 4 years of no increases.
But as with the energy regulator, the water regulator is in league with the water companies by allowing them to hike up prices by these ridiculously high amounts. The Regulator has the power to tell the suppliers (eg) "25% and no more". They don't and they won't. The Regulators are not fit for purpose. They have no intention of protecting the consumer. They should be gone.
I was....... I'm in Severn Trent water area personally.... my dad is Southern and I'm genuinely gobsmacked they can hike price for a basic life necessity by 47% and nobody can do anything.....I appreciate that. I can see you are genuinely trying to help
government has intervened. through the regulator they have directed the companies invest more in sewage and determined how much bills may rise to cover this.
It is reasonable to expect water companies to spend money on infrastructure, and not on massive pay rises for their CEOs or dividends. Dividends should only be paid out when profits are made, and profits should be spent on improvements, not dividends.
I was told by a Southern Water rep on the phone this morning the 40% would be in April.
No. Reasonable price increases are a fact of life, and most of us accept that when the product or service is fit for purpose. The difference here is that the taxpayer wrote off the debt for these companies when privatised, since then they have added fresh debt such that their credit rating has been downgraded, returned a good yield to their shareholders, failed to deliver an acceptable service and now want customers to pay again. All this while operating a monopoly. i think we are entitled to be unhappy.
Aye ..see below..in that case I’ll go back to my earlier post criticising the b*****ds
So still a 25%isn increase. Sure that’s more than affordable amongst everything else
You are absolutely correct here, even if many people find this concept uncomfortable - the point being that such essentially (and monopolised) services should never have been privatised in the first place.
Wow, are you on a meter?
I beg to differ. How you can say quality of service has gone up when not a week goes by without some story surfacing of polution in the sea and rivers, water supply being cut off for days at a time in large areas, water shortages and restrictions nearly every summer.
Forced onto a meter.
