Oftwat’s rule change is expected to increase costs for the average small business (Ian Nicholson/PA)
(Picture: PA Archive)Ofwat is considering introducing new measures that would increase the price cap on water bills paid by the average small business in England, at a time when utility costs and how they are regulated are a hot political and social issue.
The regulator is considering dumping regional limits on rates in England and bringing in a single cap for the country. It says it wants to limit annual movements in bills to “around 5% before inflation”. The Bank of England forecasts inflation will reach over 13% this year, with some City experts saying it could be nearer 20%.
