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Millions to save on water bills this year after watchdog steps in


Millions to save on water bills this year after watchdog steps in
Investor returns have been capped in favour of the consumer
Updated
Move comes after a tense dispute between providers and the regulator (Image: Getty Images/iStockphoto)
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City Of , United Kingdom , Kip Meek , Alistair Cromwell , Rachel Fletcher , Markets Authority , Citizens Advice , Uk News , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , கீப் சாந்தகுணமுள்ள , அலிஸ்டர் க்ரோம்வெல் , ரேச்சல் பிளெட்சர் , சந்தைகள் அதிகாரம் , இங்கிலாந்து செய்தி ,

Water customers to save £34 a year after watchdog goes cold on investor returns


Millions of customers will see their annual water bills drop by £34 after the competition watchdog rowed back on how much it will allow investors in suppliers to make in returns.
The Competition and Markets Authority (CMA) announced its final decision on price controls for Anglian, Bristol, Northumbrian and Yorkshire water firms after a tense dispute between the companies and the regulator.
The CMA had been under fire from consumer groups last autumn for over-ruling the water regulator Ofwat, saying it had been too strict on how much water companies could invest in resilience and reducing water leaks, and instead deciding to put more money in the pockets of shareholders. ....

City Of , United Kingdom , North Yorkshire , Kip Meek , Alistair Cromwell , Rachel Fletcher , Citizens Advice , Yorkshire Water , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , வடக்கு யார்க்ஷயர் , கீப் சாந்தகுணமுள்ள , அலிஸ்டர் க்ரோம்வெல் , ரேச்சல் பிளெட்சர் , யார்க்ஷயர் தண்ணீர் ,

Water bills: CMA settles long-running price controls dispute


In March 2020, Anglian, Bristol, Northumbrian and Yorkshire asked the CMA to redetermine their price controls.
The water companies set out how much they wanted to spend over the next five years and Ofwat set out theirs.
13 companies accepted Ofwat’s decision, but four decided to appeal it to the CMA.
The regulator was required to appoint an independent group to conduct a redetermination of the price controls to promote the interests of consumers and consider the long-term resilience of water infrastructure.
This means the group must provide the four water companies with enough money for them to cover their current running costs and pay for improvements for the future. ....

City Of , United Kingdom , North Yorkshire , Kip Meek , Markets Authority , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , வடக்கு யார்க்ஷயர் , கீப் சாந்தகுணமுள்ள , சந்தைகள் அதிகாரம் ,

This is why your water bill could be going down by £34 | Bradford Telegraph and Argus


Customers will be seeing £34 wiped off their water bills
MILLIONS of customers will see their annual water bills drop by £34 after the competition watchdog rowed back on how much it will allow investors in suppliers to make in returns.
The Competition and Markets Authority (CMA) announced its final decision on price controls for Yorkshire, Anglian, Bristol, and Northumbrian water firms after a tense dispute between the companies and the regulator.
Yorkshire Water said the decision draws a line under the issue.
The CMA had been under fire from consumer groups last autumn for over-ruling the water regulator Ofwat, saying it had been too strict on how much water companies could invest in resilience and reducing water leaks, and instead deciding to put more money in the pockets of shareholders. ....

North Yorkshire , United Kingdom , Kip Meek , Rachel Fletcher , Yorkshire Water , வடக்கு யார்க்ஷயர் , ஒன்றுபட்டது கிஂக்டம் , கீப் சாந்தகுணமுள்ள , ரேச்சல் பிளெட்சர் , யார்க்ஷயர் தண்ணீர் ,