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Water bills to rise above inflation in April
(www.bbc.co.uk)
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this post was submitted on 02 Feb 2024
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This is the best summary I could come up with:
Water companies are forecasting an above-inflation rise in average household bills in April, drawing criticism from campaigners.
A host of companies were told by regulator Ofwat last year that they would have to limit rises owing to missing key targets on leakages, supply and reducing pollution.
More than a million households in England and Wales get cheaper bills through companies' social tariff schemes, saving them an average of £151 last year.
Separately, Ofwat is considering proposals by water companies in England and Wales to increase bills by £156 a year by 2030 to pay for upgrades and reduce sewage discharges.
But Jim Wright, manager of the global infrastructure income fund at Premier Miton, suggested that even this increase might not be enough to upgrade the UK's water and sewage systems.
Mr Wright acknowledged that customers would have to bear the brunt of the cost of improving Britain's infrastructure, but said the average household is paying £1.29 a day for water and sewage services.
The original article contains 675 words, the summary contains 163 words. Saved 76%. I'm a bot and I'm open source!