The Competition Commission (CC) has provisionally decided that Bristol Water can make a small increase in the prices it charges its customers above the five-year price limits previously set by Ofwat.
Water industry regulator Ofwat referred an appeal from Bristol Water to the CC earlier this year, following the water supply company’s decision to reject the regulator’s final decision on price limits for the period 2010-2015, on the grounds that they were too low.
After a detailed assessment, the CC has provisionally decided that Bristol Water should be permitted to raise its bills by an average of approximately 2.3% a year after inflation - in comparison to Ofwat’s original decision of a 1.7% rise.
Bristol Water had sought an annual rise of 6% after inflation. The CC’s figure is provisional but will be confirmed by 6 August.