A Chinese firm is reportedly a leading contender to buy Thames Water if the heavily indebted company collapses in coming weeks. Hong Kong’s CKI, which invests in power and other utility companies in the UK, is among those lining up to acquire the water and sewerage supplier if it enters a special administration regime (SAR), according to the Times. It has reportedly said it would be prepared to operate under tougher penalties for environmental breaches than Thames’s class A creditors, who have put together their own purchase bid. The creditor…
Tag: Utilities
UK energy bills to fall to about £2,200 from July as wholesale gas costs drop
Energy bills are expected to fall to about £2,200 from July in a fillip for the government and households struggling with ballooning costs. Leading energy consultancy Cornwall Insight has predicted that, excluding government subsidies, typical annual household energy bills will have fallen from £4,279 now to £3,208 from April, and then will ease to roughly £2,200 for the remainder of the year. The forecasts are about £300 a year lower than its previous expectations because of the recent fall in wholesale gas costs. Nevertheless, bills are set to remain far…