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it's about to be a lot more expensive to
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turn on the TAPS in England and Wales
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after water regulator ofwat announced
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that household water bills Will Rise by
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an average of £31 a year over the next 5
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years ofart said this morning average
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bills would increase by a total of
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£7 or 36% over the next 5 years and
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households will face a heavy average
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hike of £86 or 20% in the next year
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excluding inflation smaller percentage
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increases will follow in each of the
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next four years the increase is
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significantly higher than offw what had
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previously indicated although it still
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falls short of what companies such as TS
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water had requested so why the big Bill
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hike off for said the increase would pay
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for 104 billion upgrade of the water
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sector which has faced Fierce backlash
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in recent years for excessive sewage
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leaks and a lack of investment in
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crumbling infrastructure offor chief
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executive David black said water
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companies now need to rise to the
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challenge as customers will expect them
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to deliver significant improvements over
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time to justify such a hefty increase he
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said said ofwat will Monitor and hold
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companies to account on their investment
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programs and improvements but Tom
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mcginness director of policy at citizens
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advice said the price Rises would hit
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many households hard he said that while
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it's encouraging to see helpful
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customers increasing the current
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dysfunctional approach to helping
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customers with their bills in the
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industry means that people will continue
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to miss out in a separate statement on
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Thursday Offa also announced plans to
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find the UK's largest water company T's
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water 18 million after it broke new
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rules on dividend payments ments T's
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water is responsible for serving around
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16 million people in London and the
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southeast but it's been battling to save
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off collapse throughout this year amid
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huge debts he currently looking for a 3
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billion loan from creditors off for's
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announcement of the 36% increase on
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annual bills is actually significantly
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below the 59% hike TS water had been
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shooting for here at cityam we'd like to
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know how will the increase on water
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builds affect your back pocket let us
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know in the comments and subscribe for
