Sep 17, 2017
UK water regulator talks tough but households are hung out to dry It’s time someone other than Ofwat took on the water giants
Just how tough is the water regulator when it comes to setting the terms on which its charges, the English and Welsh water companies, do business? Ofwat certainly likes to talk a tough game. The regulator claims its activities have saved consumers £120 off their annual water bills over the near three decades since privatisation. Amount Ofwat claims its activities have shaved off annual household builds since water privatisation. Then there is the investment model which means that water customers pay for large investments through their bills during construction. It is a model that has very much suited the financial investors and their hangers on, who have made fortunes out of leveraging up water companies and taking out giant dividends.
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