• The bit that is missing from all the conversation is OFWAT, they set the amount of revenue that can be generated, the amount of profit that can be earned and how much funding is provided to run the business, between those levers there isn't much room left to do much. For some reason they don't ever want customers bills to go up, so things just fall further in to poor condition over time.

  • How does ofwat stop them investing into infrastructure?

    They must make a certain amount of profit as percentage of outgoing?

    I can't imagine they are all so strapped for cash they can't invest when forced to.

  • They invest but the investment needed after decades of underinvestment is huge, they aren't funded to deliver anything close to what's needed

    The counter argument is that have been funded historically but have spent it badly, that doesn't fix funding gap now though

About

Avatar for JWestland @JWestland started