Thames Tideway Tunnel - Rip Off

redandwhitewizard

Thames Tideway Tunnel - Rip Off

Apologies to those living in London, but why should I pay for this infrastructure if I will not benefit from it ?

Strangely my sewerage company is Thames, whereas my water comes from South East Water. Thames seem to be pulling a fast one in that they increased costs in previous years for this and yet have just sent a leaflet saying that they are going to increase all their customers sewerage charges by £70-80 from 2014 onwards although the building will supposedly complete in 2023. This is regardless of where they live and whether they will benefit.

Instead of putting aside the profits they have been making since privatisation for this event, which they have known would need fixing from Day 1, the company are happy to make everyone pay again !?

What a rip-off !

Cardew

Not much point in post this twice!

redandwhitewizard

forgive the newbie,

I was originally trying to create a new thread but couldnt find where to start it and it got added to the other thread which is just about water.

redandwhitewizard

Quote: from other thread
Originally Posted by redandwhitewizard
Apologies to those living in London, but why should I pay for this infrastructure if I will not benefit from it ?

Strangely my sewerage company is Thames, whereas my water comes from South East Water. Thames seem to be pulling a fast one in that they increased costs in previous years for this and yet have just sent a leaflet saying that they are going to increase all their customers sewerage charges by £70-80 from 2014 onwards although the building will supposedly complete in 2023. This is regardless of where they live and whether they will benefit.

Instead of putting aside the profits they have been making since privatisation for this event, which they have known would need fixing from Day 1, the company are happy to make everyone pay again !?

What an absolute rip off !
Blame Maggie!

Thank your lucky stars you don't live in the South West Water area where charges are about 3 times higher than Thames.

Much of the reason is that they have to look after huge coastal areas and it is a sparsely populated area - compared with Thames.

As for Thames Water profits, the Regulator(ofwat) determines the charges, and hence profit, they can make.

I don't have an issue with a contribution but it shouldnt necessarily be a flat figure across all 'customers'.

One of the reasons for all the privatisations was to provide the increased investment that the industries needed. However, instead of using this and continuing as they were, the companies involved all started paying vast salaries and big dividends back to the big shareholders (some of which of course are on the board who also get massive share options compared to the 'workers' ).
I also blame the bean-counters as the culture is now to have to spend everything rather than having any money set aside each year to fund towards the anticipated events.

Basically the water companies have squandered the money and are still struggling to plug the underground leaks, sewage outflows into the sea.