Millions in the UK are facing higher water bills after the regulator backed further price increases.
The competition regulator has accepted the demands of Anglian, Northumbrian, South East, Southern, and Wessex to increase their charges The Guardian reported.
What will happen after these water increases? Water, like electricity, will become a burden. The average electricity price for a two-person household will be £60. If more than two people live there, the cost of water can reach up to £100 per month.
So, will the higher bills paid by the public actually help water companies achieve better quality? We’re seeing this with Thames Water: no. The rising bills don’t lead to better water quality, but rather to boost the bonuses of those at the top of these companies. The escalating controversy in recent months has revealed that those managing companies, particularly at Thames Water, are receiving astronomical bonuses.
The water regulator has actually adjusted the bonuses of those managing water companies. 15 percent of the increased water bills will go to the pockets of those managing these companies as bonuses.
In other words, by paying the water bills, we, the people, are making the rich people who run the companies pay.
