Thames Water is at a crisis point, warning the government it could face bankruptcy if it is not allowed to raise its water bills by more than what is currently agreed with Ofwat, the regulator. The company plans a 35% increase in bills over five years, lower than the 53% originally requested due to Ofwat’s rejection. Thames Water is seeking £3 billion in emergency funding and equity investments to avoid imminent collapse, with a decision on the bailout due in February.
Thames Water has warned the government of a looming bankruptcy unless it is permitted to increase bills beyond the limits set by Ofwat.
Thames Water plans to raise prices by 35% over the next five years, needing additional funding for infrastructure investments.
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