The current crisis is the worst faced by the large water companies since privatisation began
has not built a new reservoir since the early 1990s and relies on temporary measures, such as hosepipe bans, to limit demand. Too much water is still lost to leaky pipes and Britons use more water than their peers, such as the Dutch. That is partly because only 60% have water meters to monitor usage.
That means bills will have to rise. The National Infrastructure Commission, an advisory body, estimates that an extra £20bn will be needed between now and 2050 to keep water flowing; preventing sewage discharge would come with an even higher cost. Nationalisation would just transfer this obligation to the state. Private investors, meanwhile, will demand a return to stump up the funding. Equity finance generally comes with a higher cost than debt.
Belgique Dernières Nouvelles, Belgique Actualités
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