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Evening Standard
Evening Standard
Business
Alex Daniel

Thames Water fined £18m over dividends but granted 35% bills hike by 2030

Thames Water Ofwat
Thames Water has more than £16 billion of debt (Andrew Matthews/PA) - (PA Wire)

Thames Water is to be allowed to hike consumer bills by 35% by 2030 following a decision by the industry regulator, as it was also handed an £18.2 million fine for paying “unjustified” dividends to shareholders.

The average annual bill will rise to £588 by 2030, Ofwat said, up from current levels of £436.

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