Water customers will see 'modest increase in bills' to pay for £10bn investment, says industry chief

Ruth Kelly apologises on behalf of Water UK for sewage in rivers, saying it has taken 'years' to amass the data.A £10bn investment from water companies to stop sewage spills will be paid for by customers through"modest increases to their bills".

Ruth Kelly, chair of Water UK, told Sky News that water firms will provide a"huge multi-billion down-payment" to start"theShe added:"The way the system works is that over the lifetime of the assets, customers do pay that money back in modest increases in their bills." She said that over the last ten years water bills have fallen for the average customer and"research shows us that customers are prepared to pay a little bit more to see this sort of investment undertaken".due to a lack of investment.said campaigners were"right to be upset" as it issued an apology.

Asked why customers are having to put their hands in their pockets when water companies paid £1.4 billion in dividends last year, Ms Kelly said she"did not quite recognise that picture" and"dividends have been at very low levels compared to other sectors".all water company CEOs have come together and they said they're not going to pay a single penny in bonuses out of customer funds this year.

Ruth Kelly from Water UK says, even with 'billions of pounds investment', the company won't be able to eliminate spills compleately. 'But we are going to make a dramatic impact on the harm caused by spills.' Read more 🔗 📺 Sky 501 and YouTube

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Water companies say sorry for sewage spills but critics call £10bn investment pledge too littleRuth Kelly, chair of Water UK, the industry body, said that public was “right to be upset” and that “more should have been done” to limit sewage spills. CapurrodDaniel reports:
La source: i newspaper - 🏆 8. / 89 Lire la suite »

UK water industry pledges £10bn investment to stem sewage spills\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
La source: FT - 🏆 113. / 51 Lire la suite »