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The Guardian - UK
The Guardian - UK
Business
Anna Isaac

Ofwat poised to refuse most suppliers’ requests for big price rises

A Thames Water drain cover in Windsor
Thames Water faces nationalisation unless it can attract vast quantities of fresh capital. Photograph: Maureen McLean/Rex/Shutterstock

Ofwat is poised to refuse most water companies’ requests to ratchet up consumer bills, with some getting as little as half of what they have asked for, the Guardian has learned.

The decision from the water watchdog for England and Wales, Ofwat, has been formally delayed until 11 July because of the general election. Its verdict, known as a draft determination, comes amid a growing crisis in the water sector.

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