Average water bill to go up £94 over five years - see how much more you are set to pay

11 July 2024, 07:32 | Updated: 11 July 2024, 09:41

Water prices are set to go up
Water prices are set to go up. Picture: Alamy

By Kit Heren

The average water bill is set to go up by £94 over the next five years, the regulator has announced, with the money to be used to reduce spills and leaks.

Listen to this article

Loading audio...

Ofwat said that it had pushed back on proposals by water companies with its draft increases. The companies wanted to charge customers even more than the increases it has allowed.

Companies' business plans proposed increases averaging £144 over five years, compared to the £94 announced on Thursday.

Thames Water's proposed increase of £191 by 2030 has been reduced to £99, the regulator said, while Severn Trent's proposed increase of £144 had been reduced to £93.

Feargal Sharkey calls for an 'entire restructuring' of the water regulatory system

The water industry has been under scrutiny in recent years, with much media and political attention devoted to sewage spills and financial problems of the privatised providers.

Labour is set to promise a crackdown on the water industry on Thursday, with consumers to get higher compensation for failures, and people set to gain the ability to hold water executives to account.

Read more: Thames Water boss defends bonus package despite growing debt and surge in sewage spills

Read more: Beleaguered Thames Water warns it will run out of cash in 11 months as it bids for massive bills hike

The amount water companies will charge is going up
The amount water companies will charge is going up. Picture: Ofwat

Ofwat chief executive David Black said: "Customers want to see radical change in the way water companies care for the environment.

"Our draft decisions on company plans approve a tripling of investment to make sustained improvement to customer service and the environment at a fair price for customers.

"These proposals aim to deliver a 44% reduction in spills from storm overflows compared to levels in 2021. We expect all companies to embrace innovation and go further and faster to reduce spills wherever possible.

"Today's announcement also increases the resilience of our water supplies to the impact of climate change and will reduce how much water is taken from rivers by enabling a range of long-term water supply projects, which includes plans for nine reservoirs.

"Let me be very clear to water companies. We will be closely scrutinising the delivery of their plans and will hold them to account to deliver real improvements to the environment and for customers and on their investment programmes."

More Latest News

See more More Latest News

Prince William and Prince George at the Euro 2024 final

Smiling Prince George attends Euro 2024 final with Prince William as England face off against Spain

Kate with Charlotte at Wimbledon

Princess Kate looks radiant in purple as she presents Wimbledon trophy at men's final

Corey Comperatore was killed during the Trump rally attack.

Pictured: Man killed in shooting at Trump rally as he 'tried to shield family from bullets'

Carlos Alcaraz has retained his Wimbledon title

Carlos Alcaraz retains Wimbledon title as he beats Novak Djokovic for second year in a row

Live
England are facing Spain in the final

England 0-1 Spain: Spain take lead minutes after start of second half with clinical Nico Williams goal

Melania Trump shared an emotional statement on the incident

Melania Trump breaks silence after attempted assassination of husband Donald at rally

The wife and two daughters of racing commentator John Hunt were killed at their Hertfordshire home

Bereaved racing commentator John Hunt has fundraiser set up after wife and two daughters killed

Princess Kate has made just her second appearance since her cancer diagnosis - as she prepares to bestow the Wimbledon men's singles trophy at the All England Club.

Princess Kate arrives at Wimbledon as crowd applauds for royal's second engagement since cancer shock

Donald Trump was shot at a campaign rally in Pennsylvania yesterday

‘We will FEAR NOT’: Trump urges Americans to ‘stay united’ after attempted assassination

Graziano Di Prima has broken his silence

Strictly pro Graziano Di Prima allegedly 'spat, kicked and berated' Zara McDermott before sacking

Republican presidential candidate former President Donald Trump is helped off the stage at a campaign event in Butler, Pa., on Saturday, July 13, 2024. (AP Photo/Gene J. Puskar)

Gunshots and a defiant fist: How the first attempted assassination against a Presidential candidate in 52 years unfolded

What will following the shooting of Donald Trump?

Donald Trump shot during campaign rally: Jon Sopel explains what it means for the US Presidential race

The nation is gripped by Euros fever

England expects! Nation gripped by Euros fever as fans prepare for historic final against Spain

Donald Trump has been shot through the ear at a rally in Pennsylvania - as one bystander was killed and two others were critically injured.

Pictured: Shocking scenes as gunman shoots Donald Trump during rally leaving one bystander dead

Liz Truss has reacted to her party's terrible election results

Liz Truss blames Tory election drubbing on Rishi Sunak ‘trashing her record’ before pointing finger at Tony Blair

Joe Biden reacts to the assassination attempt of Donald Trump

‘Everyone must condemn it’: Joe Biden labels Donald Trump assassination attempt ‘sick’ as world leaders react