Cameron orders examination on how to force water companies to cut bills | Money | The Guardian

This is an interesting article and RECOMMENDED READ in the Guardian.

via Cameron orders examination on how to force water companies to cut bills | Money | The Guardian.

Personally, I have been suspicious of all the regulated industries that were previously nationalized; they seem to have got off lightly under austerity.

The regulators’ seem to be far too close with the companies whom they are supposed to regulate.

I think that a good dose of competition would shake them up; they are operating as monopolies or oligopolies without effective regulation.

Any thoughts?

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2 responses

  1. Pingback: Opinion: Cameron orders examination on how to force water companies to cut bill ex Guardian – John Gelmini « Dr Alf's Blog

  2. Dr Alf is correct, the privatized water companies are acting as an oligopoly but because there are too few of them there is no effective competition.

    David Cameron “looking into ” the situation is carte blanche for these water companies to do as they like as whatever David Cameron “looks into” results in absolutely nothing being done or even if it is the recipients of his strictures ignore him.

    The solution is more water companies and punitive action against people like Thames Waters’ directors, who until recently, presided over 50% leakage rates, and the worst customer service in the country, barring South West Water the prime polluters in that area.

    Leakage rates in Merkel’s Germany are in contrast just 5% compared to an average of 35% in this country.

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