Water bills are set to rise by £94 over the next five years, water regulator Ofwat says.
Water bills in England and Wales are set to rise by an average £94 over the next five years, the water regulator Ofwat has said.
The typical £19 a year increase is a third less than the increase requested by companies and is intended to fund investment for improvements such as replacing leaking pipes and reducing sewage discharges into rivers and seas. Labour has pledged a crackdown on the industry, promising consumers higher compensation for sewage failures and the power to hold water executives to account.
The government plans to introduce new measures to ensure that money earmarked for investment and improvements are ringfenced and cannot be diverted to pay salaries or dividends.
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