The UK’s water watchdog will allow companies to invest as much as £7 billion ($9.1 billion) more in the next five years to curb sewage spills and improve drinking water quality, a move that will require further raising bills for consumers.
While water and sewage firms have faced mounting public anger for their plans to increase prices, Britain’s regulator Ofwat is set to approve most of the extra funding requested since August, according to people familiar with the matter.