Average bill will rise by £157 over five years to £597 after regulator agrees to increases in amount firms can charge
• Thames Water to pay £18m penalty after breaking dividend rules
Water bills in England and Wales will rise by 36% over the next five years, as suppliers were accused of forcing struggling households to pay for years of under-investment to fix leaky pipes and cut pollution.
The industry regulator Ofwat said on Thursday that, from next April, it would allow companies to raise average bills will rise by £31 a year, or £157 in total, over the next five years to £597 by 2030 to help pay for investment. That represents a 36% increase before inflation, which will be added on top. Continue reading…
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