Five of Britain’s water companies spent £32.4mn on an appeal to the competition regulator that resulted in the utilities being able to raise customer bills even higher.
Anglian Water, Northumbrian Water, South East Water, Southern Water and Wessex Water argued that regulator Ofwat’s decision to allow them to increase consumer bills by an average of 24 per cent before inflation by 2030 was insufficient to cover their costs and attract investors to the industry.
The appeal to the Competition and Markets Authority cost Anglian Water £9mn; South East Water £9mn; Southern Water £7.6mn; Northumbrian Water £3.7mn; and Wessex Water £3.1mn, according to documents released by the Competition and Markets Authority.
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