Thames Water wants to hike bills to an average of 666.50 a year by 2030 – a rise of 52% – as it faces 15bn of debt [Video]

12:11 EDT 28 Aug 2024, updated 12:43 EDT 28 Aug 2024

Thames Water has plans to hike bills to an average of £666.50 a year in the next six years – which could see Brits have to splash out £200 more than they already are. 

The water company’s proposal would see costs rise by a massive 52 per cent by 2030 – but there’s a chance they could shoot up even further. 

Thames Water’s new business plan could see bills skyrocket 59 per cent in the same period, which could see them hit £696.   

It comes at a time when the water company is trying to combat more than £15billion of debt. 

In its response to Ofwat’s draft determination on water companies’ plans, Thames proposed raising average yearly water bills to £666.50 per customer by 2030, a 52 per cent rise.

But that could rise to £696, a 59 per cent increase, if it is given extra spending allowances by …