Damn, I'm with ST as well. You're also going to get absolutely reamed with council tax. I think Birmingham were asking for a 25% increase. Hopefully that won't happen.I had a meter fitted and have been saving a few quid compared to a fixed rate monthly.
Joy of joys to know here is what Severn Trent are doing.
Fixed Rate (Combined) = +21.4% increase
Metered Rate (Combined) = +28.7% increase (Water supply charge on it's own is going up +40.8%!)
Theres reward for you trying to be responsible and save water.
**** Private Water!
Zero investment and zero policing. It's going straight into foreign investors pockets
plan for collapse of Thames Water
- Thread starter Mrwong
- Start date
I am ok-ish with this knowing that none of that might end up in investors pockets via dividends though.
Thankfully I'm just on the Solihull side of the border thank god!
Does not look sustainable to me!
www.bloomberg.com
Thames Water Adviser Fees Could Breach £200 Million, CFO Says
Thames Water will likely end up paying around £200 million ($248 million) to advisers by the middle of this year, as the firm looks to find an equity investor and cut its liabilities.
www.bloomberg.com
Soldato
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34.8% bill increase this year.
They fitted a meter in June 2023, not heard a wink from them about it since, despite being told I would have 3, 6 and 10-month comparison letters...
They fitted a meter in June 2023, not heard a wink from them about it since, despite being told I would have 3, 6 and 10-month comparison letters...
how can they spend 100mil on advisors what exactly are they doing, advising how to avoid fines and legal implications of dumping taw sewage?
should utilities be the kind of thing AI could do wonders for, surely they could hire palantir or another big data company to see how they can save money and be more efficient
probably doesnt cost 100-200mil
should utilities be the kind of thing AI could do wonders for, surely they could hire palantir or another big data company to see how they can save money and be more efficient
probably doesnt cost 100-200mil
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Paying advisors over £100m on how not to waste money and manage debt, hmmmm, right, ok.
Let it go bust, the public have been fleeced and anyone it owes money too, tough, release details of anyone earning over 250k and what bonus packages they received and release all the dividend info.
Companies have to account for every penny, its not rocket science to see where all the money has gone.
Let it go bust, the public have been fleeced and anyone it owes money too, tough, release details of anyone earning over 250k and what bonus packages they received and release all the dividend info.
Companies have to account for every penny, its not rocket science to see where all the money has gone.
Soldato
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How's this for incompetent?
[10:44, 07/02/2025] Me: I had a water meter fitted on 10th June 2023. The leaflet says it would be activated within 90 days. I would also get a letter at 3, 6 and 10 months comparing my usage with my current payments.
[10:44, 07/02/2025] Me: I've not had any contact since the installation.
[10:48, 07/02/2025] Thames Water: I can understand your query, Andy. As of now, the meter is in sleeping mode. Let me raise the ticket to my team, and you'll get the update in the next 6 working days.
Do you think they're intentionally not switching on the meter because they know my bills will be lower?
[10:44, 07/02/2025] Me: I had a water meter fitted on 10th June 2023. The leaflet says it would be activated within 90 days. I would also get a letter at 3, 6 and 10 months comparing my usage with my current payments.
[10:44, 07/02/2025] Me: I've not had any contact since the installation.
[10:48, 07/02/2025] Thames Water: I can understand your query, Andy. As of now, the meter is in sleeping mode. Let me raise the ticket to my team, and you'll get the update in the next 6 working days.
Do you think they're intentionally not switching on the meter because they know my bills will be lower?
Soldato
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The company is over a barrel. Legal professionals and advisors can charge whatever they like and the company has no choice.
It might only cost £5, but the company supplying and implementing the AI will still command the highest fee they can legally levy.
Nah, they'd love everyone to be on a meter. There are many possible reasons why it's not active:
The meter was likely installed by a contractor (presumably Lanes), so there can be a long period of handover, usually caused by problems with other installations.
They're typically installed across a large area, which takes time to complete before they can all be turned on, and there can often be 3rd party obstacles.
They need consistent power and data connectivity, which can be sporadic in some areas.
They need to validate the water network, check for leaks, confirm every element is working and, if something isn't (which it frequently isn't) then that has to be tackled.
A simple, single installation is pish-easy, but when you have hundreds the problems are a complicated web.
Soldato
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That's what Steve Robertson thought....
Looks like an AI response
Personally I reckon you'd have more chance of getting a container ship to turn around by wafting a piece of paper at it than effect any meaningful change in a business like Thames
Soldato
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Looks like an AI response
Indian call center scripted response.
[12:00, 07/02/2025] Me: Why wasn't the meter activated 90 days after installation?
[12:26, 07/02/2025] Thames Water: Please be informed that once our team will invert and send you the comparison letters, and later they'll activate the meter. If you want to, I'll raise the request with our concern team to activate the meter.
[12:31, 07/02/2025] Me: Yes it needs to be raised
They went off-piste there and made no sense.
Thames water is a joke.
Or at least it Would be if it wasn't so serious.
So much incompetence everywhere to get like this. From regulator, management everyone.
It seem like no amount of money is going to fix this.
It needs to go bankrupt and be permanently brought back to public service.
Seriously, UK regulators need reforming. They've failed in so many sectors over recent past
Or at least it Would be if it wasn't so serious.
So much incompetence everywhere to get like this. From regulator, management everyone.
It seem like no amount of money is going to fix this.
It needs to go bankrupt and be permanently brought back to public service.
Seriously, UK regulators need reforming. They've failed in so many sectors over recent past
It's mad. Paying external advisors for supposedly what their "top talent" team should be capable of doing themselves. As you rightly say, what exactly are they doing? What exactly are all these brilliant people at Thames doing? Endless years of restructuring promises by endless new people coining it all the way.
It truly is a total scam at this point.
These guys just can't help themselves - https://www.bbc.co.uk/news/articles/cy4m312ll24o
Thames demanding it swaps the numbers from 35% to 53% increase in bills over the next five years and rather humorously has bypassed Ofwat and gone to the competition watchdog for the appeal. One presumes it has seen the increase that other water companies have blagged and wants some of that cherry.
Thames demanding it swaps the numbers from 35% to 53% increase in bills over the next five years and rather humorously has bypassed Ofwat and gone to the competition watchdog for the appeal. One presumes it has seen the increase that other water companies have blagged and wants some of that cherry.
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