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Water companies in UK ordered to cut around £50 off bills

Christian Fernsby |
Water firms in England and Wales must cut the average household bill by £50 or 12% over the next five years, the regulator has said.

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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.

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