Water bills set to rise to an average of £376
Tuesday 31 January 2012
Water and sewerage bills are to rise by around £20 from April, regulator Ofwat has said.
The average bill will increase by 0.5% above inflation to £376, taking into account a rate of inflation of 5.2%, the water companies' watchdog said.
The announcement comes after Ofwat pulled back from deep cuts in household bills in 2009 in its final decision on prices for the next five years.
But the regulator has insisted that its challenge of companies' proposed bill rises means that across England and Wales average bills are set to remain broadly in line with inflation by 2015 - around 10% below what companies had asked for before inflation has been factored in.
Ofwat chief executive officer Regina Finn said: “When we set limits on prices, we listened to customers. They told us they wanted bills kept down, while maintaining safe, reliable water supplies.
“We challenged companies hard to deliver this.
“Our decision meant that, before inflation, average bills would remain broadly stable between 2010-15.
“We understand that any bill rise is unwelcome, particularly in tough economic times. Inflation feeds through into water bills, and this is driving these rises.
“We will make sure customers get value for money.”
She added: “Companies are investing £22 billion by 2015 - more than £935 for every property in England and Wales.
“This will deliver benefits to us all - from continuing to improve reliability of supplies to cleaner rivers and beaches.
“If companies don't deliver on their investment promises, we will take action.”
- 1 Double chins could be 'cured' without surgery or dieting using new injection
- 2 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Dog thinks owner is drowning in lake, dives in and tries to pull him out
- 4 Thank heavens for Louise Mensch and her foul-mouthed tweets to world leaders
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Greece elections: Greek PM Alexis Tsipras takes aim at 'neo-liberal' Europe as country gears up for prolonged austerity battle
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
Prince Philip set to be knighted by Australia: Celebrate by reading his greatest gaffes
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
£125 - £150 per day + Negotiable: Tradewind Recruitment: A 'wonderful primary ...
£90 - £140 per day: Tradewind Recruitment: Our client is an 11-16 mixed commun...
£32000 - £36000 per annum: Recruitment Genius: A rapidly developing company in...
Negotiable: Ashdown Group: Application Architect/Developer - Peterborough, Cam...