Thames Water's Ambitious AMP8 Plans

Posted on 23 April 2024

​Thames Water's ambitious revision to their AMP8 Business Plan promises a significant escalation in investment, aiming to bolster environmental projects without increasing customer bills. Initially proposing £18.7 billion for the period from 2025 to 2030, the UK's largest water utility has now envisioned a total spend that could soar as high as £21.7 billion.

Key Highlights of Thames Water's Revised AMP8 Business Plan:

  • Initially set at £18.7 billion, revised to increase total expenditure to £19.8 billion for environmental enhancements, with potential to reach £21.7 billion.

  • Adjustments made post extensive stakeholder discussions to more robustly address environmental concerns.

  • Planned adjustments in operating and capital expenditures ensure no increase in projected average customer bill of £608 by 2030.

  • An additional £1.9 billion may be allocated for further projects via a "Deliverability Assessment Mechanism," potentially increasing customer bills by £19 annually.

  • CEO Chris Weston emphasises focus on environmental priorities and ongoing dialogue with regulators and stakeholders to refine the proposals.

This strategic increase in Thames Water's investment underscores their commitment to sustainable development and environmental stewardship, aiming to enhance service quality without burdening customers financially.

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