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Thames Water's plans for one-off charge blocked
9:03am Monday 4th November 2013 in News
A PLAN by a water company to introduce a one-off charge, including for customers in north Hampshire, will be contested by industry regulator Ofwat.
As previously reported, Thames Water, which serves customers to the north of Basingstoke and Deane, has applied to industry regulator Ofwat to introduce a £29 charge per household for 2014-15.
The company said the money would be used to cover the cost of infrastructure, such as buying land for the construction of the Thames Tideway Tunnel, a new sewer designed to tackle overflow problems in Victorian sewers in London.
Ofwat has published its draft decision, blocking the one-off adjustment to Thames Water’s agreed tariff.
The 89-page document details where Ofwat and Thames Water disagree about the cost of the improvements.
Sonia Brown, chief regulation officer at Ofwat, said: “We said we would challenge Thames Water’s request. We have looked at the details and do not believe the current evidence justifies an increase in bills.”
A consultation period will now start to allow Thames Water to submit new evidence, before a final decision is made in November.
The current average household bill for Thames Water customers is £354 per year.
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