Water companies in UK ordered to cut around £50 off bills
Topics: WATER BILLS UK
In a report published on Monday, Ofwat said the average bill will fall by 12% before inflation as part of a price review conducted every five years.
The specific reduction in bills depends on which company a home-owner is with.
Northumbrian customers will see an average fall of 26% of their bills whereas Hafren Dyfrdwy customers will see an average reduction of just 3%.
The decision is part of Ofwat's approval of a huge £51 billion investment plan for water companies in the highly regulated sector.
The regulator also demanded that leaks are cut by 16% to transform the industry and improve efficiency, as part of a £6 billion cost-cutting exercise. ■