Water firms in England and Wales are facing demands to ramp up investment in infrastructure and cut household bills at the same time.
The regulator Ofwat's latest price review, which covers expectations for the next five years, proposes the firms collectively invest an extra £12bn in the network - on top of their current commitments. This would help maintain assets, such as water pipes and sewers, and create additional water storage to bolster the environment and customer service, Ofwat said.Targets include cutting pollution incidents by more than a third, reducing supply interruptions by almost two-thirds and helping 1.5 million customers who are struggling to pay their bills.
Ofwat said its demands over leakage would save water over the period equivalent to the needs of the populations of Manchester, Leeds, Leicester and Cardiff.It said that falling financing costs and greater efficiency demands of companies would allow for household bills to fall by an average £10 annually before inflation over the five years.
The regulator said it believed that the savings would still result in a real terms cut for customers.
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Start putting water meters in these car washes .
Wow, Brexit going to pull up it's pants are they now...amazing.
They need to tap into some wealthy people.
General basic infrastructural items like Water , Electricity & Gas should be charged out at a minimum & shouldn't be under private ownership to be exploited by multinational companies.
How does this work? I thought we were constantly told price increases are to pay for replacing ageing infrastructure where much water is lost through leaks and burst in old iron pipework; that’s at least what Thames Water kept on about..
Paying less can only be good news 👍
HUGE savings for customers!!.. I bet they are all very excited about how to spend their 83 PENCE a month that they’re saving.
Believe that when we see it .
about time... they've made enough money from this and should start putting something back
Underpricing water is counter intuitive
Boring fake news. Go check southwest water before printing this rubbish