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August 11, 2008
United Utilities & Thames Water Raise Water Rates in the UK
Water rates in the UK are set to rise above inflation rates till 2015, to pay for needed repairs to the water infrastructure. Both United Utilities and Thames Water have called for the cost increases.
"All utility companies are concerned about the risk of rising bad debt," Graeme Sims, United Utilities director of regulation said. "Water companies are at a disadvantage because we are not allowed to disconnect houses."
"But we are not in a position to vary the standards we have to meet for drinking water. We need to replace the mains supply pipes that were installed decades ago to stop water being discolored. There are also significantly higher standards for rivers and lakes."
David Owens, chief executive of Thames Water, said: "Thames' customers have enjoyed the lowest bills in the industry for many years, but we now need to make essential investment to secure their services for the future," as reported by the Telegraph.
Posted by Stephen Betheil at August 11, 2008 02:15 PM
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