UK regulator raises concern over proposed costs for water utilities [Reuters]
UNITED UTIL GRP S/ADR PLC (UUGRY)
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Source: Reuters
UK regulator raises concern over proposed costs for water utilities - Reuters 2 Min Read July 4 (Reuters) - Britain’s water industry regulator on Thursday informed water companies that there was a big gap between their proposed retail and wholesale costs to run their businesses between 2020 and 2025 and that of its own. The Water Services Regulation Authority (Ofwat) said Anglian Water, Thames Water and Yorkshire Water are asking for significantly more money than they currently spend for wholesale water and wastewater services. It also said SES Water was seeking more money for providing retail services. However, Anglian Water said its cost plan was developed after talking to customers. “As the company serving the driest and one of the fastest growing parts of the country, we’re confident our plan is the right one to ensure a sustainable future for our region,” the company said in an email. Thames Water and Yorkshire Water did not immediately respond to requests for comment. SES Water
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