Average water bills likely to hit £2,000 a year by 2050, says Ofwat
Customers in line to pick up cost of vital investment and river cleanups, regulator tells inquiryThe average household water bill in England and Wales is likely to reach £2,000 a year by 2050 if supplies are to be maintained, the industry regulator has said.In its submission to the government-commissioned water inquiry, led by Sir Jon Cunliffe, Ofwat said “significant investment” was needed to secure enough water and avoid the country running out, and that this would cause costs to be piled on to water bills in coming years. Continue reading...
Customers in line to pick up cost of vital investment and river cleanups, regulator tells inquiry
The average household water bill in England and Wales is likely to reach £2,000 a year by 2050 if supplies are to be maintained, the industry regulator has said.
In its submission to the government-commissioned water inquiry, led by Sir Jon Cunliffe, Ofwat said “significant investment” was needed to secure enough water and avoid the country running out, and that this would cause costs to be piled on to water bills in coming years. Continue reading...
