Water bills could increase by up to £150 each year by 2030 to fix problems in the system. Between 2025 and 2030 water companies are planning to invest around £96 billion to build 10 new reservoirs, cut leaks and stop the equivalent of 6,800 Olympic swimming pools worth of sewage spills.
However, household bills will need to rise to fund this investment, and the increase in bills will vary across companies. Water UK has said that on average it will cost households an extra £7 a month or £84 a year by 2025 compared to 2023 prices reports The Mirror.This will then rise to £13 a month more by 2030, which is the same as £156 more per year.
Ofwat said it would “forensically scrutinise” the sector’s blueprint to ensure the hike in bills over the five-year period is “justified”. The final decision on the investment plans is set to be made by the end of 2024.