Water Prices 'Will Rise Above Inflation'

By Jayne Davison
Published on 11 Aug 2008
AddThis Social Bookmark Button
Water Prices 'Will Rise Above Inflation'

Tap water will become noticably more costly for most, latest company data from suppliers shows.

Britain's water suppliers have announced their plans for future bill rises today.

Most of the providers say that they will increase costs above inflation for at least part of that time. The firms are obliged by the industry regulator, Ofwat, to submit their pricing and expenditure expectations at five-year intervals.

United Utilities indicated that it will enforce increases of 2.7 percent above inflation, while Thames Water has announced a slightly higher three percent increase. Elsewhere, Northumbrian Water says that prices will be 1.3 percent above, and Welsh Water signalled that it will only charge at inflation from 2010.

However, these price changes will only go ahead if the watchdog approves the plans. A decision is expected from Ofwat next year.

Speaking to BBC Radio 4, director of regulation at Thames Water Peter Antolik said that the extra money was needed in order for the firm to properly invest in updating and expanding infrastructure. "We also have, it should be remembered, a growing population in London and the south east," he said.

"We have, we estimate, about 380,000 more people coming in to the region and we have to make sure that our infrastructure, our networks, our treatment works are all ready to cope with that influx of people."

The firm also indicated that its investment plan until 2013 comes to £6.5 billion. Elsewhere, Welsh Water said that it would spend £1.5 billion, while for United Utilities this figure was £4 billion.

Compare Gas & Electricity Suppliers via money.co.uk

Money Saving Newsletter

Already registered? Login Here

Email:

We will NOT pass your details on to any third party.

See some of the recent tips you could have benefited from.

Your privacy:

Read our privacy policy.
We are registered with the Data Protection Act (1998): No. Z6245956
details
We are regulated by the Financial Services Authority: No. 415689
details



Add Your Comment

Name: 
Comment: 
You have 1000 characters left.

Latest Gas, Electricity & Water Articles & News

Gas, Electricity & Water Articles

Tories Promise Action on Energy Bill Inequality
Tories Promise Action on Energy Bill Inequality

Energy firms could be banned from charging more for pre-payment meters under plans put forward by the Tories.

Energy Suppliers Accused of Profiting From the Poor
Energy Suppliers Accused of Profiting From the Poor

Energy companies have come in for more criticism over their pricing policies.

Unite Calls for Energy Market Overhaul
Unite Calls for Energy Market Overhaul

Something must be done about soaring energy bills, a leading trade union has claimed.

MPs Call for More Information to Aid Energy Switching
MPs Call for More Information to Aid Energy Switching

Consumers face obstacles when trying to find cheaper energy deals, it has been claimed.

How to Heat your Home for Less
How to Heat your Home for Less

We share our top 10 tips to help you to cut the cost of heating your home this winter.

Scottish & Southern 'May Cut Energy Bills Next Year'
Scottish & Southern 'May Cut Energy Bills Next Year'

Reductions in energy costs could be on the horizon.

Mini Nuclear Reactors to Power US Homes within 5 Years
Local Mini Nuclear Reactors to Power US Homes within 5 Years

A New Mexico based company have started production on hot tub-sized nuclear generators designed to power communities across America.

Pensioners Planning Winter Energy Cutbacks
Pensioners Planning Winter Energy Cutbacks

Many elderly people will be staying in bed or living in one room this winter due to high energy costs, research suggests.

Popular Related Articles

Mini Nuclear Reactors to Power US Homes within 5 Years
Local Mini Nuclear Reactors to Power US Homes within 5 YearsA New Mexico based company have started production on hot tub-sized nuclear generators designed to power communities across America.

Latest Related Headlines

Tories Promise Action on Energy Bill Inequality
Tories Promise Action on Energy Bill InequalityEnergy firms could be banned from charging more for pre-payment meters under plans put forward by the Tories.

Other Money Headlines

Free Flights from Ryanair
Free Flights from RyanairRyanair are running a free flight sale this week with 1 million seats up for grabs.
RSS FeedGas, Electricity & Water News
RSS FeedLatest Headlines
Free Services Money Saving Newsletter
The best money saving deals, freebies, rate alerts and advice emailed to you every week.
Enter your email:
Find Companies Related Guides RSS Feeds - Subscribe!
The "advice" given in our money saving tips is for information purposes only and should not be construed as "financial advice".
money.co.uk recommends you seek professional advice before proceeding with any investment or financial decision.
Site Map | Privacy Policy | About Us | Contact Us
money.co.uk is a trading name of Dot Zinc Limited, who are authorised and regulated by the Financial Services Authority. FSA Registration Number: 415689.
Copyright © www.money.co.uk / Dot Zinc Limited 2002-2008. All rights reserved.
Home | Login | Sign Up