Description
Martin asks MPs: “Do you know what your equivalised income is?” as that’s what some water firms ask vulnerable people to see if they’re eligible for a social (ie capped costs) tariff.
A clip of the utility regulation evidence at Commons Public Accounts committee. Watch the full session at: https://www.parliamentlive.tv/Event/Index/0d8175f6-2940-4ede-b485-c7931be809c6
PS MPs later asked Ofwat to explain. It said it is 'household income adjusted for size and composition, allowing for a fair comparison of living standards across different households', but accepted it “could be explained more clearly”.