_thames-water-bills-will-still-increase-by-40-in-updated-business-plan.jpg "Thames Water bills will still increase by 40% in updated business plan from bid logic Video Screenshot Preview")
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✓ Published: 22-Apr-2024
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✓ Published: 22-Apr-2024
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Thames Water has made a fresh bid to hike bills by 40%, promising more spending on environmental projects, but questions still remain on whether it can secure the funding required to deliver it.The utility will cut day-to-day spending in order to free up another £1.1 billion more to spend on environmental projects over the five years from 2025-2030. That brings total spending over the plan to £19.8 billion.By cutting spending elsewhere, it will keep bill increases at 40%, rather than the 56% hike that had been feared.
Thames Water has made a fresh bid to hike bills by 40%, promising more spending on environmental projects, but questions still remain on whether it can secure the funding required to deliver it.The utility will cut day-to-day spending in order to free up another £1.1 billion more to spend on environmental projects over the five years from 2025-2030. That brings total spending over the plan to £19.8 billion.By cutting spending elsewhere, it will keep bill increases at 40%, rather than the 56% hike that had been feared.
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