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Ofwat Provisional Approvals Let Firms Raise Bills £3.4bn

8/14/2026

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Summary

Story summary

Ofwat gave five water firms provisional approval to raise household bills by £3.4 bn.
The £3.4 bn allocation includes £1.2 bn safeguards and £477 m for homes and datacentres, and sits in a £104 bn plan that will lift bills 36 % from 2025-2030.
Thames Water carries over £20 bn debt and may face nationalisation.
Ofwat director Helen Campbell said the regulator will track performance and can claw back spending.

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Story summary

Ofwat gave five water firms provisional approval to raise household bills by £3.4 bn.
The £3.4 bn allocation includes £1.2 bn safeguards and £477 m for homes and datacentres, and sits in a £104 bn plan that will lift bills 36 % from 2025-2030.
Thames Water carries over £20 bn debt and may face nationalisation.
Ofwat director Helen Campbell said the regulator will track performance and can claw back spending.