UK government to make unprecedented intervention in setting of water bills
Summary
The UK government plans to take unusual steps to control water bills and guide how water companies invest money. Environment Secretary Angela Eagle wants companies to reduce costs, fix leaks and sewage problems, and give local communities more say before the next price review ends in 2029.Key Facts
- Ministers will intervene directly in water bills and company investment decisions for the first time.
- Angela Eagle sent letters to water companies and regulators to focus on better value and affordable bills.
- The water regulator Ofwat usually handles price reviews without government interference.
- The government wants companies to invest in new technology and fix leaks and sewage early.
- There will be more power for local leaders to influence water services.
- A new 10-year water industry plan will give the government stronger control over prices and investments.
- The government is also considering ways to support Thames Water, which is in financial trouble.
- Thames Water recently asked its lenders for an extra £2.4 billion and faces possible nationalization or court battles.
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