Water bills, Household bills, Money, Water industry, Thames Water, Utilities, Business, UK news Business | The Guardian
The average bill is to rise by 36% over five years. Here’s what each firm will charge, and how they will spend the cashAverage water bill in England and Wales to rise by 36% over five yearsWater bills in England and Wales will soar by 36% over the next five years after the regulator increased the amount companies are allowed to charge.Ofwat said that average bills will rise by £31 a year over the next five years, hitting £597 by 2030, before inflation is added. That money will be used by regional monopoly suppliers to operate the water system and invest in upgrades – as well as to provide a financial return for investors. Continue reading…
The average bill is to rise by 36% over five years. Here’s what each firm will charge, and how they will spend the cash
Water bills in England and Wales will soar by 36% over the next five years after the regulator increased the amount companies are allowed to charge.
Ofwat said that average bills will rise by £31 a year over the next five years, hitting £597 by 2030, before inflation is added. That money will be used by regional monopoly suppliers to operate the water system and invest in upgrades – as well as to provide a financial return for investors.
