Dec 13, 2017
Water regulator pledges lower bills in England and Wales
The water regulator for England and Wales has said it will force companies to pass savings from reduced financing costs on to their customers. Ofwat uses its estimate for water companies' cost of capital to regulate how much they charge customers. "Water customers across England and Wales can look forward to lower bills, improved services, reduced leakage and more help for the most vulnerable in our communities," it said. The opposition Labour party has pledged to renationalise the water industry in England and Wales - Scottish Water remains state-owned. Severn Trent opened 0.8 per cent lower while Pennon, which owns South West Water, fell by 1 per cent.
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