Why do UK water companies have a monopoly?
We can change our electric, gas, telehone, internet, providers
but when it comes to water, you have to stay with the one company that serves your area.
Our company United Utilities, in 2007 made a profit of £561m
by increasing prices by 8.8%
This year profits fell to £478.3m (God Bless em) and the company would make a £1.5bn payment to shareholders
following the sale of the electric business.”We had a successful year” said the boss Mr Philip Green, adding that the firm was confident of further good performances.
We the general public, have no say in who supplies our water
and if United Utilities wants to increase their profits they just raise their prices.
Paid over £350 for water & sewage then applied for a water meter, which we cannot have because I live in a block of apartments, result: Assessed at single person rate and saved £200.
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