Household water bills in England and Wales will increase by an average £31 a year over the next five years, regulator Ofwat has announced. The increase is significantly higher than the expected average rise of around £20 a year per household, outlined in the regulator’s draft proposals in July.
Category
🗞
NewsTranscript
00:00Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post and
00:05here are your headlines for this morning.
00:08Household water bills in England and Wales will increase by an average of £31 a year
00:13over the next five years, the regulator Ofwat has announced.
00:17The increase is significantly higher than the expected average rise of around £20 a
00:23year per household, which was outlined in the regulator's draft proposals in July.
00:30Ofwat said the increase would pay for £104 billion upgrade of the water sector to deliver
00:37substantial lasting improvements for customers and the environment.
00:42So major update this morning, household water bills in England and Wales will increase by
00:46an average of £31 a year over the next five years.