Thames Water price rise makes a splash!
By londononline | Wednesday, August 21, 2013, 15:57
Westminster Labour Councillors have appealed to OFWAT, the water regulator, urging them to reject Thames Water's application to increase prices above inflation next year. Thames Water wants bills to rise by 8% for 2014/15, on top of the 3% above inflation, they have already increased household bills by, between 2010 and 2015. With profits last year of £549 million how can they justify inflation beating rises?
Councillor Paul Dimoldenberg, Leader of the Westminster Labour Group said on his blog:
"Many Westminster residents are in the middle of a cost-of-living crisis and paying utility bills is more of a struggle every month for many people. Real wages have fallen for 36 consecutive months.... residents simply can't afford yet another above-inflation price hike."
Cllr Dimoldenberg points out that Thames Water offers no social tariffs to those struggling to pay their bills at a time when the cost of living is rising.