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UK water firms avoid soaking

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UK water firms avoid soaking

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Rare good news for consumers with Britain’s water regulator Ofwat ordering water companies to freeze prices for the next five years.

A draft proposal had threatened a four percent cut, so this is better than expected for the firms, too. Ofwat says good profits have been made in recent years, and that because consumers could not shop around for better deals, Ofwat’s job was to do it for them.