Troubled Thames Water has launched an appeal against regulator Ofwat’s price cap, as it says hiking bills by a third over the next five years is not enough. Ofwat denied Thames’ request for a 53

The Reading, England-based company has already been allowed a 35% rise in consumer bills over the next five years by water regulator Ofwat, after Thames had previously lobbied for a 59% hike.

Thames Water has launched an appeal to allow it to increase bills by more than the regulator wants to permit. The UK's largest utility company is calling on the competition regulator to overturn a decision from the water industry regulator,