Decision by regulator Ofwat comes as utilities struggle with drop in water consumption by businesses
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The UK’s water regulator is to allow utility companies to increase prices temporarily starting next year to offset higher bad debt costs because of the Covid-19 pandemic.
Water companies from April will bear 25% of bad debt costs where these are more than 2% of non-household revenue, and non-household customers will bear the rest, the Water Services Regulation Authority (Ofwat) said in a statement.
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