Ofwat, the water regulator, says it plans to
block Thames Water's request to increase customer bills by up to 8% next year.
The regulator has published a draft decision blocking Thames Water's
request for the interim increase.
Thames had asked to add an extra £29 to the annual average household
bill.
Well done Ofwat for intervening and proposing to
block a ridiculous price hike by Thames Water, the only question this has
thrown up is why aren’t Ofgem doing exactly the same with the energy companies.
Why haven’t Ofgem contacted the big six energy
suppliers and told them if you attempt to raise your prices by 6%, 7%, 8% we’ll
stop you, because it’s essentially daylight robbery.
I admit I wasn’t sure what kind of powers the regulators
like Ofwat had when it came to things like this, I thought they could merely
plea to water suppliers not to raise their prices and then the water suppliers
would simply acknowledge the request, ignore them and raise their prices
anyway.
But now realising that they have the power to do
things like this I think it’s time a few other regulators used them, hint hint
Ofgem hint hint.
No comments:
Post a Comment