Thames Water is asking the Competition and Markets Authority to review Ofwat's decision after previously lobbying for a 59 per cent bills increase

Thames Water said on Friday that it would appeal to the Competition and Markets Authority to examine Ofwat's recent decision on the embattled water and sewage company's business plan.

Struggling British utility Thames Water launched an appeal with the country's competition regulator on Friday, kicking off a process to try to lift the prices it can charge customers for the next five years and improve its chances of survival.

Thames Water has launched an appeal to the competition regulator as the embattled utility fights to secure an eye-watering 53 per cent rise in consumer bills and keep itself afloat.