Ofwat has announced significant increases in water bills in England and Wales, stating that the average water bill will rise by 36% over the next five years. This increase, amounting to £157, aims to fund a £104 billion upgrade to the water sector, promising improvements for customers and the environment. However, the immediate concerns arise as households will see an average hike of £86 or 20% in the next year alone, excluding inflation, which raises questions about affordability.
The water bill increases, set by regulatory body Ofwat, suggest a troubling trend for consumers, especially since nearly all water companies in England and Wales will impose a rise by 2029/30. Among the companies, Southern Water customers will experience a staggering 53% increase, while Severn Trent customers will face a 47% rise. These significant hikes emphasize the need for transparency and accountability in how funds will ultimately benefit consumers and improve infrastructure.
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