Thames Water appeals against limit on bill rises

Thames Water has appealed against a decision by Ofwat to cap bill rises at 35% over the next five years, arguing for a 53% increase to cover infrastructure costs and climate change impact. The UK’s largest utility company is also seeking a £3bn rescue from investors to address severe financial difficulties. Critics point out that water companies have prioritized profits over infrastructure investment, leading to issues like sewage discharges and burst pipes, while Thames is the first to challenge the bill settlement.

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