Thames Water Utilities Limited has said that given its importance and complexity, the company “will take time to review the determination in detail before making its response” after receiving its Final Determination from economic regulator, Ofwat, for the regulatory period running from 1 April 2025 to 31 March 2030.
Thames said the deliverability and investibility of its Final Determination is critical to the water company’s future and its ability to deliver improvements for customers and the environment.
The Company plans to set out by early February the charges for customers that will apply from April 2025, and said these charges will reflect Ofwat’s Final Determination, but that the company remains committed to supporting those customers who need help with their bills.
Thames Water has previously announced a proposed transaction to extend its liquidity runway by up to £3.0bn.
Taking into account the proposed Liquidity Extension Transaction and the related STID Proposals, the Company’s liquidity would be extended to October 2025, with the potential to extend further to May 2026 if the company chooses to make an appeal to the CMA.
