Submitted on Thursday 18th May 2023
Rejected on Tuesday 23rd May 2023
Current status: Rejected
Rejection code: irrelevant (see below for details)
Force water companies to foot the bill for infrastructure improvements
Protect consumers by forcing water companies to foot the bill for large-scale improvements necessary as a result of mismanagement of assets and failure to maintain them adequately
Water UK will spend £10bn improving infrastructure after catastrophic failures to prevent sewage entering our water - recouped by increasing consumer bills to protect shareholder profits. They are a private entity and have neglected to maintain their assets, why should consumers pay? The government sold off our water to private entities and should protect the public by legislating that they are responsible for maintaining their assets, and should pay out of their own profits to do so.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
We can only accept petitions about things the Government or Parliament are directly responsible for.
Decisions about price controls for water, which include the cost of investment in infrastructure, are a matter for Ofwat, not the UK Government or Parliament.
Under the Water Industry Act 1991, Ofway has statutory duty to make sure that companies are able to finance the proper carrying out of their functions. In setting price controls Ofwat's aim is to allow for a return on capital that is no more than necessary for an efficiently run company to get the funding they need from capital markets.
You can find out more about Ofwat's price controls here: www.ofwat.gov.uk/households/your-water-company/profits/
3.139.103.163 Fri, 08 Nov 2024 00:42:46 +0000
