Brief by Shorts91 Newsdesk / 08:10am on 11 Jul 2024,Thursday International
Ofwat, the industry regulator, has rejected water companies' proposals for significant price increases in England and Wales. The watchdog plans to slash the combined increases by a third, limiting the average bill rise to £19 a year or 21% over the next five years. This decision comes as customers demand better environmental care from water companies. Ofwat's chief executive, David Black, emphasized the need for "radical change" in the industry's approach to environmental protection. The final decision is expected later this year.
