@Starbored3 @reginaldo_el @Ofwat In theory its true, but it would come back very slowly in future bills - CEOs and private equity get their rewards/dividends straight away every year.
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Colin F
481 posts
@reginaldo_el @Ofwat According to the dude on TV today, we'd be given the money back. Yeah, right!
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We've approved substantial improvements for customers and the environment through a £104 billion upgrade for the water sector
Ofwat’s David Black: "Customers will rightly expect companies to show they can deliver significant change over time to justify the increase in bills"
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@MattZeeMiller @YorkshireWater If they lower the water bill make sure the sewerage bill also lowered as it’s based on 95% of expected volume of your water use (in your case assessed not metered)
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@YorkshireWater Done this several times. Told no reduction on cost of bills as sewage change to Yorkshire water separate and assessed charge is no different in cost monthly. Had someone out twice look at fitting meter and can't as all street shared supply. Seems no solution??
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@Ofwat @OfwatChiefExec - does this also hide the added costs that will come when you offer out new drinking water assets to non-licensed providers under the guise of competition. Are the true future costs of DPC hidden/excluded from your price reviews?
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Our statement on today's publication of the Price Review Final Determinations:
“After a decade of cuts Ofwat has finally listened to public anger and agreed a much-needed quadrupling of investment in our aging infrastructure.
This will be the largest amount of money ever spent on the natural environment, and will help to support economic growth, build more homes, secure our water supplies and end sewage entering our rivers and seas. Each water company will now need to take time to assess what Ofwat’s decision means for them.
“We understand increasing bills is never welcome. To protect vulnerable customers, companies will triple the number of households receiving support with their bills to three million over the next five years.”
#waterbills
Ofwat@Ofwat
We've approved substantial improvements for customers and the environment through a £104 billion upgrade for the water sector Ofwat’s David Black: "Customers will rightly expect companies to show they can deliver significant change over time to justify the increase in bills"
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@paullewismoney @Ofwat @paullewismoney in future the bill increases will become more opaque as Ofwat brings more competition to the sector allowing other non-licensed companies to build and run drinking water assets but paid via our water bills (additional costs not determined in price reviews).
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Well, they’ve worked hard this year bit.ly/49JkNAv persuading @Ofwat to approve a plan to make customers pay for the investment their companies have failed to do for 30 years because they paid shareholders and bosses instead
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@StephSpyro @Feargal_Sharkey Does £48 a month without sewage sound high to you? Struggling to work it out tbh, we’re metered but wouldn’t say we are high users
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An average water bill for Southern Water customers is £420. This will rocket to £642 over the next five years. That's a steep 53% rise - the highest increase of all water companies.
Steph Spyro@StephSpyro
Here we have it, folks. Average water bills for 2024-25 and 2029-30.
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@nickschmidt @stoolpresidente Army v Navy rugby match (at Twickenham is a sell out annually) and boxing competition in British forces. Air force matches don’t to get the same emotion due to less history.
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@stoolpresidente Every country’s army should have their own football team and that should be how we fight wars
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@SquidCynical @Feargal_Sharkey Talent that continues to fail to put any effective turnaround in place.
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@Feargal_Sharkey I just love it when, on being asked how Executives' bonuses or handsome remuneration packages can be justified, they say, "If you want to attract talent you have to pay."
Funny how that argument is never made for hiring lesser mortals.
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Levels of Thames Water’s sewage dumping has jumped 40% in just 6 months, bills expected to go up 59% next week and fat cat bosses share a £770,000 reward.
Now what was all that bullsh*t about banning bonuses. What else were you expecting?
bbc.co.uk/news/articles/…
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@horton_official Scottish water is not privatised
Tap water safe to drink
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‘Brexit problem’: UK tap water safety at risk after testing labs shut down
theguardian.com/business/2024/…
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@g__j @barneymcg999 She’s a credit to Octopus. I want to access more energy efficient products but can’t get a Smart meter install from Octopus - can’t find how to get an appointment set up @OctopusEnergy
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@barneymcg999 Definitely need to cut energy prices to make UK attractive for energy intensive industries... locational pricing will help a lot :)
(design definitely good UK though - eg we design our heat pumps and controls across Slough, London, Manchester and Belfast. We manufacture HPs in NI
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And if our Manchester event made me proud today, Bliss was incredible. Inspirational… just listen to her journey, and also the experience with customers ❤️❤️
Octopus Energy@OctopusEnergy
Must watch: a remarkable speech by Bliss, who decided a degree wasn’t for her & became a plumber, now installing heat pumps for our customers. We’ve created 3500 such jobs this yr alone. A great honour for her to address PM, 100s of VIPS & media at today’s Plan for Change speech.
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@Dorothy90237074 @PeterStefanovi2 Regulation 33 in Scotland is the equivalent of Regulation 31 in England and Wales - if we don’t have access to labs the problem is Scotland’s also.
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Just when you thought it couldn’t possibly get any worse…
‘Brexit problem’: UK tap water safety at risk after testing labs shut down
theguardian.com/business/2024/…
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@martin_berry @PeterStefanovi2 UK labs as well as being essential would be good for well paid high technical/science jobs - what’s not to like - Govt @DefraGovUK needs to push the button and make it happen.
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@paullewismoney @CCWvoice @bbcdanw @Moneybox @BBCRadio4 The last government shied away from a single national scheme (under Coffey) and accepted the postcode lottery approach that had developed over time. Still better level of help proportionally than in energy sector.
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A record number of households are getting help with paying their water bills - up by 250,000 to make £1.6m in E&W in n 2023/24, but why are there so many different schemes? @bbcdanw and Andy White of @CCWvoice explain and how to get help @Moneybox noon @BBCRadio4
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@itvnews @Nigel_Farage There was only one ‘very’ in the line, so why does ITV News get this wrong in its tweet? Over-stating for exaggerated effect?
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"I think the Labour government is going to have to work very very hard," @Nigel_Farage tells ITV News what he thinks the election of Donald Trump means for the UK
itv.com/news/2024-11-0…
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@back2basicFree @tinyflarnmum50 @deirdreheenan So it’s not then an attack in ‘class’ but a levelling of value added taxation on expenditures. Someone may decide to spend on vacations or art or a car and would pay VAT after having paid tax on their income first.
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@tinyflarnmum50 @deirdreheenan And you think only upper class sent their children to private schools …
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Laura Kuenssberg blatantly framing the budget as an attack on class.
Never mind poverty- “rightly or wrongly you’ve put taxes up on private jets and private schools”
On the other hand Kemi Badenoch is introduced as the “bold and radical” new leader of opposition.
#BBCLauraK
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@philhuwedwards @g__j Hence why the generators price should no longer reflect the highest marginal unit price across the whole marketplace - we have lots of network infrastructure to fund instead with customers money.
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@g__j Why? Because although breezes and sunbeams are free, they’re also intermittent. The infrastructure required to harness the energy they provide, while simultaneously having constant reliable backup systems in place, is proving to be quite costly.
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“Why does the uk have the most expensive electricity in Europe ?”
- energy has changed but policy hasn’t
Simple explanation here of the issue…
(And great summary of why highly profitable incumbent generators resist change)
Jason Deane@JasonADeane
@g__j True. Our power pricing system is rather odd. Here's how it works and why power costs remain high even with low marginal cost renewable energy as part of the mix medium.com/the-new-climat… (free link, bypasses paywall)
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@EuropeNotEU @JanetYatak2711 @legalclaret If I earn a pound it gets taxed. I then spend what’s left (it gets taxed again - VAT) - what’s left has now transferred to an organisation who shares some of that with an employee and it gets taxed again, and so on. Why care about the individual first pound - it’s not a pet.
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@JanetYatak2711 @legalclaret I agree . Tax should only be attributed to the same pound once; at the time of earning. Not every time it is gifted or inherited.
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@Gillyc515837 @WindrushWasp @SteveReedMP Around 95% of samples are taken and tested on average. Need more info on which companies seem to generate a trend in assumed compliance before fingers are pointed. Perhaps there are no companies being fraudulent like Southern Water were a few years ago (and fined for it).
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@WindrushWasp @SteveReedMP If the current legislation allows the sample to be classed as a pass if there is no flow then im not sure that's illegal/ cheating though is it? Better if the EA now dictate it should be rescheduled but is it a scandal?
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Now, it appears we enter the world of serious crime. Unless making hundreds of millions by cheating is OK now? @SteveReedMP
theguardian.com/environment/20…
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@bramley_clive @GreenJennyJones Move house is your only option - postcode lottery!!!
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@cyberco @JonathanPieNews Sorry that should be household will typically use 150m3 a year.
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@cyberco @JonathanPieNews But a household will typically use 250m3 or more a year so the Scottish Water volumetric rate not so bad - it’s their high standing charges that are way different.
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It’s not really ‘more than expected’ when you’re dealing with private companies passing the fines for pumping sewage into our rivers and seas onto their customers while their bosses pay themselves record bonuses.
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