United utilities to increase water bills by 32%
PA mediaThe domestic water bill for millions of customers will increase by 32% in the next five years, the United Utilities (UU) has announced.
Water company, which supplies more and more manchester, marsheside, lankashire, kumbriya, parts of Derbyshire, and parts of Derbyshire, stated that the growth with the regulator with the regulator as part of its price review in December The conversation was held.
The domestic bills will initially increase to an average to £ 86 from April.
Water companies have said that they need to increase the bill to fund infrastructure projects designed to reduce pollution incidence.
‘Investment’
In the next five years, the average annual growth in bills will be £ 31.
However, Owat explained that water companies were expected to increase tariffs in the first 12 months of a five -year period.
Additionally, scheduled growth does not include inflation, which means that actual bills will increase even greater.
The UU also announced that it would increase dividend payments to shareholders according to inflation.
Chief Executive Lewis Beyardmore said the increased bills would increase £ 13bn to invest in water infrastructure projects in the northwest of England.
He said that this would be “the biggest investment in water and waste infrastructure in more than 100 years”.
Ms. Beyardmore promised to provide £ 525M in financial assistance to about one-six houses in the entire region over the next five years.
‘Legal obligation’
On Tuesday, the Environment Agency (EA) announced that it made a commitment to better deal with pollution from water companies.
Its water industry National Environment Program takes more than 24,000 action that water companies will have to take in the next five years to fulfill their environmental legal obligations.
The EA stated that it is equivalent to £ 22.1bn investment, and the increase in the bill was faced in negotiations.
This said that investment will help in promoting future water supply, natural habitats and biodiversity and improve the quality of drinking water for consumers.
